Bukaka secures $60m loan

Bukaka secures $60m loan

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.