Great River secures loan

Fri, 09 Jun 1995, 00:00 WIB | Source: JP

JAKARTA (JP): PT Great River Industries, a listed garment
maker, secured yesterday a syndicated loan of US$75 million to
finance its expansion plans, a company statement read.

The statement, made available to the press yesterday, states
that the three-year loan was extended with an annual interest
rate of 1.5 percent above the Singapore Inter-Bank Offered Rate.

The loan agreement was signed in Singapore yesterday, it
stated.

The loan was arranged by the Dai-ichi Kangyo Bank and provided
by 15 leading regional banks, including Mitsubishi Bank and
Sakura Bank. (hdj)

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