Cheil Samsung plans loans

Thu, 29 May 1997 | Source: REUTERS

HONG KONG (Reuter): KDB Asia said it was inviting banks to join as arrangers or underwriters for a US$95 million term loan facility for PT Cheil Samsung Indonesia.

The loan carried a maturity of five years and has a put option in year three, it said.

The facility would be guaranteed by Cheil Jedang Corporation [18520.KS], KDB Asia said.

Proceeds would be used for general working capital, it said.

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