Cificorp secures loans

Cificorp secures loans

JAKARTA (JP): Bank Umum Servitia and Bank Tamara have provided
PT Citra International Finance and Investment Corporation
(Cificorp) with a Rp 45 billion (US$18.9 million) syndicated
revolving underwriting facility.

Servitia announced yesterday the term of the facility was
three years with a put option at the end of two years.

Fifteen domestic banks participated in underwriting the
syndication: Bank Bukopin, Bank Dharmala, Bank Nagari, Bank Prima
Express, Bank Putra Multikarsa, Servitia, Tamara and Bank
Uppindo. Tender panel members were Bank Arya Panduarta, Bank
Aspac, Bank Global International, Bank Jaya, Bank Kesawan, Bank
Merincorp and Bank Sewu.

Cificorp is affiliated with the Bimantara Group and plans to
strengthen its capital structure through loans for consumer
financing, leasing and factoring, Servitia said. (icn)