Corporate Actions to Watch

Broadcasting firm Intermedia Capital (MDIA) plans to issue global bonds worth US$ 300 million, equivalent Rp4.05 trillion, to refinance the debt of its parent company Visa Media Asia (VIVA). MDIA will issue the bonds, which will mature in 5 years, at a maximum interest rate of 10% per annum. The issue is expected to take place in March 2018.

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M&A Update

The Business Competition Supervisory Commission (KPPU) expects the merger and accquisition (M&A) activities conducted by foreign firms with domestic players to continue this year, mainly in the financial sector along with the growing financial technology (fintech), and the processing industry.

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