BDF secures $40 loan

Sat, 01 Jun 1996 | Source: HEN

JAKARTA (JP): PT BBL Dharmala Finance (BDF) has secured a syndicated loan of US$40 million to back up its leasing activities.

The loan, the second signed by BDF this year, follows the syndicated loan of $50 million secured by the finance company in March.

The latest loan was arranged by Nederlandse Financierings- Maatschappij Voor Ontwikkelingslanden N.V., Indover Bank and the Jakarta branch of ING Bank.

Members of the loan syndication for BDF, a joint venture between Dharmala Sakti Sejahtera and Bangkok Bank, included Arab Banking Corporation, the Royal Bank of Scotland, Indover Bank, Hanil Leasing and Finance, Korea Leasing (Singapore) Pte Ltd, Change Hwa Commercial Bank, BFG Bank AG, ING bank NV and LG Bank Landesgirokase. (hen)

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