BDNI sets $71m loan

BDNI sets $71m loan

HONG KONG (Reuter): A US$71 million term loan facility for PT
Bank Dagang Nasional Indonesia, acting through its Cayman Islands
branch, has been launched, arranger DKB Merchant Bank Singapore
said yesterday.

The facility has a tenor of six years with a put option in
year three. It pays a margin of 75 basis points over the London
Interbank Offered Rate.

Fees are 52.5 basis points for co-lead managers committing
US$6 million or more, 45 basis points for senior managers
committing US$4 million to US$5 million and 37.5 basis points for
managers committing US$2 million to US$3 million.

Bayerische Vereinsbank Singapore, BNP Singapore, DKB Merchant
Bank Singapore and Commerzbank Singapore are arrangers.

Four other banks have joined the facility as co-arrangers.
They are Fuji Bank Singapore, LTCB Merchant Bank Singapore,
NatWest Markets and United Overseas Bank.

Replies are due in the middle of next week.