Gas-backed ABS to hit Indonesia

The Indonesian government has invited investment banks to pitch for a mandate to structure a securitization deal backed by future flows of natural gas exports from Indonesia to Singapore. The deal could be worth as much as $500 million to $1 billion and is certain to be one of the most tricky and high profile in the Asian securitization market this year.

Bankers are required to respond by February 16 and shortlisted banks will present their proposals between February 26 and 28. The mandate decision is expected to be announced on March 2.