Asiana gets $16m loan

Asiana gets $16m loan

JAKARTA (JP): The publicly-listed PT Asiana IMI Industries,
the manufacturer and distributor of stuffed toys, has secured a
syndicated loan of US$16 million from six foreign and joint
venture banks.

PT Asiana's President Edward Sumardi said yesterday that the
loan would be used to increase his company's working capital and
to finance its expansion.

He said that the loan will have an interest rate of 2.25
percent above the Singapore Inter-Bank Offered Rate (Sibor).

The syndicated loan was arranged by Inter-Pacific Bank, with
syndication members including BNP Lippo Indonesia, Bank DBS Buana
Tat Lee, Bank LTCB Central Asia, ABN Amro Bank, and Bank Societe
Generale Indonesia. (Bnt)