Indonesian State-Miner Antam Seeks $500 Million Syndicated Loan

Indonesian miner Aneka Tambang Tbk, better known as Antam, is seeking a $500 million loan, according to people familiar with the matter, in what would be the country’s first syndicated dollar borrowing from a state-owned enterprise this year.

United Overseas Bank is the coordinator of the five-year financing, which is equally split into a term loan and a revolving credit facility, the people said, who asked not to be named discussing private matters.