BDNI issues $78M FRCD

BDNI issues $78M FRCD

HONG KONG (Reuter): PT Bank Dagang Nasional Indonesia's US$78
million floating rate certificates of deposit issue has closed,
the arrangers said yesterday.

The six-year issue, which was launched through the bank's
Cayman Islands branch, comprises one tranche of US$38 million and
another of US$40 million and has a put option at the end of year
three.

They were issued at par to float at 70 basis points over the
six-month London Interbank Offered Rate.

With fees, the all-in return for top-tier managers is 85 basis
points.

Arrangers, with US$6.8 million each, are Berliner Bank, BZW,
Indover Bank, ING Barings and NatWest Markets.

Lead managers are WGZ-Bank, with US$6 million, and Arab
Investment Co, Nord/LB and Skandinaviska Enskilda Banken, with
US$5 million each.