Bakrie signs yen loan

Bakrie signs yen loan

JAKARTA (JP): Public firm PT Bakrie & Brothers signed Euro yen
syndication loans worth 14 billion yen (US$115 million)
yesterday.

PT Bakrie & Brothers president Tanri Abeng said the loans
would be used to finance the expansion of the firm's core
business.

The loan will mature in 2000 and was arranged by Peregrine
Fixed Income Limited, IBJ Asia, SBC Warwung, Sumitomo Finance,
Hongkong and Shanghai bank Corporation Limited, Asahi Finance
Limited, Fuji International Finance and Salomon Brothers Hong
Kong Limited.

He said the firm obtained loans worth $175 million last
November so its medium and long term debts reached Rp 2.1
trillion in this year's first quarter. (09)