Bank Universal top arranger of rupiah loans<\/p>\n
JAKARTA (JP): Loans worth Rp 4.39 trillion were syndicated
\nlast year and most of these transactions were completed prior to
\nAug. 14, the day the rupiah was floated.<\/p>\n
Data collected by Basisfield League Table, the database arm of
\nBasis Point -- a Hong Kong-based weekly newsletter covering Asian
\ndebt markets -- showed that only Rp 2 billion of the deals were
\nfinalized after Aug. 14.<\/p>\n
"The 1997 table is particularly interesting given the current
\nfinancial crisis," Basisfield said in a statement yesterday.<\/p>\n
"The volume of the deals in 1997 is unlikely to be matched in
\n1998, with many of the banks appearing on the table unable to do
\nany new business at present."<\/p>\n
According to the organization, Bank Universal tops the list of
\narrangers of Indonesian rupiah loans for 1997, having set up a
\ntotal of Rp 538.4 billion in syndicated term loans and project
\nfinance facilities.<\/p>\n
Coming in a close second was Bank PDFCI, with three deals
\namounting to Rp 533.3 billion.<\/p>\n
Basisfield said the market for syndicated rupiah deals had
\nbeen dominated by private banks.<\/p>\n
State banks have traditionally been the major lenders of
\nrupiah, but the majority of their loans were club deals and
\nbilaterals, and typically not reported. (rid)<\/p>\n
Table: Rupiah Syndicated Loans 1997<\/p>\n
Amount Deals<\/p>\n
Arranger (in billions)<\/p>\n
---------------------------------------------------<\/p>\n
Bank Universal 538.4 3<\/p>\n
Bank PDFCI 533.4 3<\/p>\n
Bank Internasional Indonesia 518.4 3<\/p>\n
Bank Danamon 508.4 2<\/p>\n
Bank Negara Indonesia 408.4 1<\/p>\n
Bank Rakyat Indonesia 408.4 1<\/p>\n
Bank Niaga 294.7 5<\/p>\n
Bank Tamara 292.5 3<\/p>\n
Bank Bali 190 2<\/p>\n
Bank Umum Servitia 110 3<\/p>\n
Bank Ficorinvest 100 1<\/p>\n
Bank Tiara Asia 80 1<\/p>\n
Bank Dagang Nasional Indonesia 75.2 1<\/p>\n
Bank Duta 75.2 1<\/p>\n
Bank Finconesia 63 2<\/p>\n
Bank Rajawali 60 1<\/p>\n
Bank Bira 45 1<\/p>\n
Makindo Securities 37.5 1<\/p>\n
Bank Ciputra 26 1<\/p>\n
Bank Kredit Asia 22.2 1<\/p>\n
Bank Nusa Internasional 8.5 1<\/p>\n
Total 4,395.3 38<\/p>\n
Note: The Basisfield League Table derives its information from
\nBasis Point, with all deals individually checked with the banks
\nlisted. All Indonesian banks have been given the opportunity to
\ncomment on league table positions. All loans and project finance
\nfacilities signed in 1997 are included. Where deals have been
\nunderwritten but are to be syndicated, only the syndicated
\nsigning counts. Senior level arrangers are only counted with
\namounts prorated. Club deals are included, bilaterals are not.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bank-universal-top-arranger-of-rupiah-loans-1447893297",
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