Kabelindo gets $40m loan

Kabelindo gets $40m loan

JAKARTA (JP): PT Kabelindo Murni, a publicly-listed cable
producer, said yesterday it had secured US$40 million in loans
from a syndicate of 11 international banks.

The company said the syndicate would lend it $25 million in
the short term to strengthen its working capital, and $15 million
in the medium term to refinance its existing debt.

American Express Bank, Chase Manhattan Bank, ING Bank, Indover
Bank, Royal Scotland Bank, China Trust Bank, Bapindo Hong Kong
Bank, BRI Finance Ltd, Tat Lee Bank Ltd, Bank LTCB Central Asia
and DCB Bank are members of the syndicate.

Chase Manhattan and American Express Bank were the lead
arrangers of the loan. (alo)