Garuda Indonesia A330-200. Photo: By Rob Finlayson. Garuda Indonesia’s IPO, which is set for next month, will likely only raise $526 million, less than half the $1.1 billion initially planned, according to a Reuters report Thursday. The IPO is considered the last stage of Garuda’s financial restructuring, which was completed last month with creditors by finalizing a re-worked $277 million debt agreement with the European Export Credit Agency (ATW Daily News, Dec. 24, ...

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