Indonesia-based PT Adira Dinamika Multi Finance Tbk inked a a syndicated loan facility worth US$300 million in Singapore.
The company plans to fully hedge the three-year facility into rupiah to mitigate currency and interest rate risks, according to a May 25 release.
ANZ Bank (Singapore) Ltd., Bank of Tokyo-Mitsubishi UFJ Ltd., BNP Paribas, Citigroup Global Markets Asia Ltd. and DBS Bank Ltd. served as mandated lead arrangers and book runners.
