ADB to lend Thailand $1b

Sat, 14 Feb 1998, 00:00 WIB | Source: REUTERS

BANGKOK (Reuters): The Asian Development Bank is finalizing
details of a $1 billion, five-year syndicated loan to help
Thailand boost its exports by March, Thai finance ministry
officials said yesterday.

A ministry official working on the loan said the export
financing facility, to be guaranteed by the ADB during the first
three years, would bear preferential interest rates below normal
commercial borrowing.

The source said Japanese, U.S., European and Singapore banks
keen to participate in the syndication include the Industrial
Bank of Japan Ltd , Bank of Tokyo-Mitsubishi Ltd, Citicorp , ABN
AMRO, Development Bank of Singapore, and Barclays Plc .

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