BNI gets $170m in loan

BNI gets $170m in loan

JAKARTA (JP): The state-owned Bank Negara Indonesia (BNI) has
issued floating rate notes in Hong Kong to raise US$170 million.

The issue, which was arranged by eight banks, carries a coupon
of 0.75 percent per annum over the six-month London Interbank
Offered Rate and has a maturity of ten years with an option
exercisable at the seventh year and call options at the fifth and
the sixth years.

Chase Manhattan Asia Limited, one of the eight arrangers, said
in a statement here yesterday that the issue, which was signed in
Hong Kong on Monday, was fully subscribed by a total of thirty
international financial institutions, including the eight lead
managers. (rid)