Bukaka secures $60m loan

Mon, 03 Jun 1996, 00:00 WIB | Source: REUTERS

HONG KONG (Reuter): Indonesian engineering firm PT Bukaka
Teknik Utama has mandated London Forfaiting Asia Pacific to
arrange a US$60 million three-year transferable loan certificates
facility, the arranger said.

Other details, including terms and pricing, were not
available.

Two other banks will join as arrangers, London Forfaiting
said. General syndication is expected at the end of next week.
Proceeds will be used to finance the construction of a toll road
project in Indonesia.

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