Maybank Indonesia is pleased to announce that it is acting as Joint Mandated Lead Arranger and Bookrunner, and Joint Green Loan Co-ordinator for PT IMG Sejahtera Langgeng’s (IMGSL) maiden Sustainability Syndicated Senior Term Loan facilities amount to USD450 mil. The term loan was well over-subscribed by about 30 financial institutions from Asia as IMGSL is one of the largest automotive and heavy machinery players in Indonesia. IMGSL is a part of Indomobil Group, an integrated automotive company that has more than 300 dealers and 8,000 after sales service centres, under the Salim Group, a leading conglomerate in ASEAN. Proceeds from the first tranche of the term loan shall be used to refinance existing debt, while the second tranche will finance general corporate purposes. The third and final tranche is to finance and/or refinance eligible green projects in accordance with Indomobil’s Green Finance Framework. The deal consists of a green loan to finance the development of Salim Group’s electrical vehicle business. Heartiest congratulations to IMGSL for your inaugural and successful sustainability syndicated senior term loan. And well done to Maybank Indonesia! #IndonesiaSustainableFinance #IndonesiaESG #IndonesiaEV
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Green Sustainable Finance | Green Capital Market | Advisory & Consulting | 19 Years in various finance areas
1moCongratulations Maybank, it will be a good example of sustainable finance expansion in Indonesia.