Antam picks ABN Amro

PT Aneka Tambang (Antam) has mandated ABN Amro for its inaugural dollar bond.

Indonesian state mining concern PT Aneka Tambang Antam has mandated ABN Amro to be the lead arranger on a forthcoming bond issue. Officials at Antam and at ABN Amro confirmed the appointment on Monday. The deal is likely to be for a $150 million five-year bond, to be launched sometime in the third quarter, although nothing is yet decided.

ABN Amro beat out perennial Indonesian mandate winners, UBS and CSFB in the race to secure the mandate. It is the second high profile transaction that the firm has won in the republic in recent months. It is presently one of the global co-ordinators of the Bank Mandiri IPO.

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