Thu, 25 May 2000

BII lands loan facility

JAKARTA (JP): Bank Internasional Indonesia announced on Wednesday it secured a revolving loan facility from Standard Chartered Bank.

The bank said the interest rate on the US$50 million loan would be based on the London Inter Bank Offered Rates plus an agreed margin.

It said the loan reflected the international bank's confidence in its operations.

The agreement on the revolving loan facility between the banks was signed on Wednesday. (cst)