Berlian Motor gets loan

JAKARTA (JP): Ujungpandang-based PT Bosowa Berlian Motor, the biggest automotive dealer in eastern Indonesia, secured a Rp 46.8 billion (US$19.8 million) syndicated loan yesterday from four domestic banks.

PT Bank Nusa International, the loan arranger, put up Rp 9.8 billion, PT Bank Susila Bhakti provided Rp 15 billion, PT Bank Nasional provided Rp 15 billion and PT Bank Bumiputra provided Rp 7 billion.

The one-year loan would be used as working capital, Bosowa president Aksa Mahmud said at the loan signing yesterday. (jsk)