SINGAPORE, Jan 24 (Reuters) - Indonesian service Lion Air will subsequent week launch a pre-deal in
SINGAPORE, Jan 24 (Reuters) – Indonesian service Lion Air will subsequent week launch a pre-deal investor schooling roadshow for its preliminary public provide, which sources have beforehand estimated at as much as $1 billion, in accordance with a termsheet from one of many banks concerned.
Lion Air plans to make use of the proceeds for the acquisition of plane that it presently operates beneath working leases to finance leases, the termsheet confirmed. The pre-marketing of the IPO will finish on Feb. 7.
A spokesman at Lion Air declined to remark.
(Reporting by Anshuman Daga; Further reporting by Jessica Damiana in Jakarta; Enhancing by Sam Holmes)
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