Ashurst has advised affiliates of PT CT Corpora (“CT Corp“) on three simultaneous financings totalling USD 1.275 billion.

The Ashurst team was led by Hong Kong finance partner Dominic Gregory, assisted by associate Bhavesh Madia.

The lender groups comprised 13 lead arranging banks.

CT Corp is a rapidly growing, diversified Indonesian-based corporate group which is active in financial services, media, lifestyle and entertainment, and natural resources.

Ashurst has represented CT Corp in previous financings, including in relation to its acquisition of the remaining 60% interest of Carrefour Indonesia and its acquisition of PT Indonusa Telemedia.

The arranging banks were advised by White & Case.

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