Bakrie mandates term loan

Bakrie mandates term loan

HONG KONG (Reuter): PT Bakrie Finance Corp, the third largest
multi-finance company in Indonesia, has mandated Standard
Chartered Investment Banking Singapore Branch to arrange a term
loan facility, the arranger said.

The amount would be around US$25 million to $30 million,
Standard Chartered said.

The facility will be divided into two tranches. Tranche A has
a tenor of one year and tranche B has a final maturity of two
years.

Other details were not available.

The preceding deal for the borrower, a $25million four-year
transferable loan, was arranged by LFC Far East and Seoul Bank in
last October.