Pelindo II looks to raise $1.25bn loan

Jakarta: State-run port operator Pelindo II is looking to raise a syndicated loan worth $1.25bn to support its North Jakarta Port expansion project.

The syndication will involve six lenders with Deutsche Bank as the lead arranger.

“We estimate the construction of the first container terminal will be accomplished before year end and will begin operations in the middle of 2015,” R J Lino, Pelindo II’s president, said yesterday.  [05/08/14]

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