Indonesian Banks Step Up?

Middle Eastern banks are not the only financial institutions supporting their domestic shipping clients. Indonesia’s Berlian Laju Tanker has reportedly secured several new domestic facilities, including a USD 33 million rupiah denominated facility obtained from Bank Negara Indonesia.

Written by: carisk | Categories: Asia, Bank Debt | May 6th, 2010 | Add a Comment

A Noble Breed

Last week, our sister publication Freshly Minted reported on Maersk’s successful EUR 750 million (USD 1.3 billion) five-year bond. This was the shipping conglomerate’s first bond issuance, following a recent equity offering of USD 1.7 billion. In Asia, commodity trading house Noble Group has likewise found tremendous success in raising funds, suggesting that investors and bankers are getting warmed up to investing cash again. Continue Reading