Bankers concluded two days of presentations yesterday to Indonesia's state oil and gas company, Pertamina, trying to win the coveted mandate to lead the company's debut international bond deal.
It is understood that three banks gave presentations on Tuesday and three presented yesterday. The six banks that were invited to pitch are believed to be CSFB, UBS, Morgan Stanley, JPMorgan, Citigroup and Deutsche Bank. According to bankers involved in the bake off, a decision on the mandate could be announced as soon as the end of this week, although next week is thought to be more likely.
It is not clear exactly what the eventual deal will be...
