Djarum signs $75m loan

Djarum signs $75m loan

HONG KONG (Reuter): Clove cigarette maker PT Djarum's US$75
million syndicated loan issue has closed, arranger American
Express Bank Singapore said yesterday.

The five-year loan pays a margin of 112.5 basis points over
the London Interbank Offered Rate. There is a put option in the
third year.

With fees, the all-in return to top tier managers is 135 basis
points.

Arrangers of the loan were American Express Bank, BOT
International, Bank Brussels Lambert Singapore, Sanwa Bank
Singapore, Societe Generale Asia and Sumitomo Singapore.
Indover Bank acted as co-arranger.

A total of 14 banks joined the syndicate, American Express
Bank said.