Bank Mandiri of Indonesia is close to announcing lead managers for a proposed $300 million to $500 million bond deal. In January this year the bank sent out a request for proposals and received 15 responses, according to Paul Tehusijarana, group head of treasury at Bank Mandiri in Jakarta. The bank has whittled that list down to five players, HSBC, Citigroup, JPMorgan, Deutsche Bank and UBS, but we are still in the process of choosing, says Tehusijarana.
The bank is looking to appoint two joint lead managers as well as its domestic securities subsidiary Mandiri Sekuritias. Tehusijarana says that the board of directors of Mandiri will make the...
