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.