BII lands loan facility

Thu, 25 May 2000, 00:00 WIB | Source: JP

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)

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