Bank closes US$90n FRN

Bank closes US$90n FRN

HONG KONG (Reuter): Bank Ekspor Impor Indonesia's US$90
million floating rate note (FRN) issue has been allocated, said
arranger Societe Generale Asia.

The notes have a final maturity of seven years but can be put
or called on the fifth anniversary. They pay a margin of 62 basis
point over the six-month London Interbank Offered Rate.

Lead managers, with US$10 million each, are DKB Asia, Fuji
International Finance and Societe General Asia.

Senior co-lead managers, with US$10 million each, are Asahi
Finance, Mitsubishi Trust and Finance and WestLB.

Co-lead managers, with US$5 million each, are Bank Nova
Scotia, BEII (DTC) Hong Kong, Daiwa Securities Hong Kong, Indover
Bank, Nippon Credit and Westpac Singapore.

The notes are now free to trade.