Copying and distributing are prohibited without permission of the publisher
Excelcomindo – export financing
23 March 2009
Excelling for Indonesian telecoms
Read more:
Excelcomindo
Standard Chartered
RBS
EKN
Ericsson
Indonesia
|
Excelcomindo – export financing
MLAs: RBS, Standard Chartered Bank
Borrower: PT Excelcomindo Pratama
Amount: $214 million
ECA: EKN
Tenor: 7 years
Exporter: Ericsson |
Moving forward with financing equipment imports for service providers in the emerging markets has become much tougher as the global economic recession has deepened.
But in mid-December 2008, RBS and Standard Chartered Bank successfully closed a $214 million buyer credit facility supported by EKN (The Swedish Export Credits Guarantee Board) for Indonesia's PT Excelcomindo Pratama (XL) for the purchase of telecom equipment and services from Sweden's Ericsson. This is one of the biggest telecoms deals yet seen in the Indonesian market.
The deal was a triumph, not least because of the timing, but...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the latest news and analysis for two days
(excluding some surveys and articles). Start your free trial today.
