Dharmala Intiutama closes US$200 million FRN offer

Dharmala Intiutama closes US$200 million FRN offer

HONG KONG (Reuter): PT Dharmala Intiutama International BV's US$200 million floating rate note issue has been completed, said arranger Peregrine Fixed Income.

The issue was guaranteed by PT Dharmala Intiutama.

The notes, which have a three-year final maturity and a put option on the second anniversary, were priced at 287.5 basis points over the six-month London Interbank Offered Rate.

The management fee is 100 basis points for all commitment levels.

Lead managers are Peregrine Fixed Income, Bank Internasional Indonesia's Cayman Islands Branch, PT Bank Ekspor Impor Indonesia's Singapore Branch, Asiana (HK) Finance, Bangkok Bank, Bear Stearns Asia, Boram Bank, Central Banking Corp, KEB (Asia) Finance, KEB Leasing & Finance, Korea Long Term Credit Bank, Sumitomo Finance (Asia), Tong Yang Merchant Bank, UMBC International Bank (L), Union Europeenne de CIC's Singapore Branch and Yamaichi Merchant Bank (Singapore).

Senior managers are BEII (DTC) Ltd, DongNam Bank, Hanwha Merchant Bank, Kyongnam Bank, NM Rothschild & Sons (Singapore), SamSam Merchant Bank, Seoul Securities Co and Staco International Finance.

Managers are Bank of Commerce (L) Ltd's Labuan Branch, CBK Leasing & Finance (HK), Chungbu Leasing & Finance (HK), Chung Chong Bank, First Securities Co, HanGil Merchant Banking Corp, Hanmi Leasing & Finance (HK), KDLC Leasing Singapore, Korea International Merchant Bank, Korea Leasing (Hong Kong), Saehan Asia Finance, First Commercial Bank's London Branch, Hanil Leasing & Finance (HK), Hanil Leasing Singapore, KFB Securities Co, Kookmin Leasing & Finance (HK), and Leasing and Finance of Pusan Co.

Signing is set for next Monday in Jakarta.