Bapindo obtains $19m offshore loan facility<\/p>\n
JAKARTA (JP): The state owned Bank Pembangunan Indonesia
\n(Bapindo) obtained a loan facility worth Rp 40 billion (US$19
\nmillion) last week from a syndication of overseas banks.<\/p>\n
Ahmad Dakyan Su'ud, Bapindo's acting chief executive, said in
\na statement made available to The Jakarta Post on Saturday that
\nthe transferable loan certificate facility, signed in Hong Kong
\non Friday, was arranged by the Hong Kong based LFC Far East Ltd.,
\nwith London Forfaiting Asia Ltd. acting as an agent.<\/p>\n
The transferable loan, the second loan facility signed by
\nBapindo in the last three months, will mature in two years and
\ncarries an interest rate of one percent above the London
\nInterbank Offered Rate (LIBOR).<\/p>\n
Bapindo signed a similar loan facility worth $50 million in
\nSingapore early in June to strengthen its financing capability.<\/p>\n
The first loan, arranged by the Singapore office of Arab Bank
\nPlc., will also mature in two years. It carries an interest rate
\nof 1.2 percent above the Singapore Interbank Interest Rate
\n(SIBOR). (hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bapindo-obtains-19m-offshore-loan-facility-1447893297",
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