GM subsidiary gets loan

Fri, 22 Dec 1995, 00:00 WIB

JAKARTA (JP): PT General Motors Buana Indonesia (GMBI) has
secured a loan facility amounting to US$36 million from a
syndication of foreign and joint-venture banks.

Citicorp International Limited, which is acting as the agent,
said yesterday that the facility, originally set at $30 million,
was signed in Singapore on Thursday.

GMBI is an automotive company 60-percent owned by General
Motors Corporation of the United States and 40 percent by PT
Garmak Motors. (hen)

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