Clifford Chance Leads on $1.2 Billion Indonesia Islamic Financing

Clifford Chance has advised Indonesian mobile telecommunications carrier PT Natrindo Telepon Seluler, also known as Axis, on a $1.2 billion sharia-compliant financing.
The deal contains of a $450 million syndicated facility arranged by Deutsche Bank AG Saudi Arabia Ltd. and HSBC Saudi Arabia Ltd.; a $400 million facility funded by the China Development Bank for the purchase of networking equipment from Huawei Technologies Co. Ltd.; and a $350 million facility arranged by the Hong Kong and Shanghai Banking Corp. Ltd. for the purchase of equipment from Sweden's LM Ericsson.

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