Loan for Citra Marga

Loan for Citra Marga

HONG KONG (Reuter): The three-year floating rate note issue for Citra Marga Finance BV, guaranteed by PT Citra Marga Nusaphala Persada, has been increased to US$175 million from $150 million due to oversubscription, lead manager Peregrine Fixed Income said yesterday.

The notes, issued at par, were launched on Nov. 16 and pay a coupon of 150 basis points over the six-month LIBOR.

Fees are 130 basis points for lead managers, 100 for co-lead managers, 75 for senior managers and 55 for managers.

Lead managers are Peregrine Fixed Income, with $35 million, Bank Negara Indonesia, with US$15 million, and Agricultural Bank of China, Boram Bank, Credit Lyonnais Singapore, Hyundai International Merchant Bank, Korea Long Term Credit Bank, Krung Thai Bank, Seoul Bank and Sumitomo Finance (Asia), with $11 million each.

Co-lead manager Daegu Bank committed to $10 million.

Senior managers, with $5 million each, are Bank of Commerce (L), Kyongnam Bank and UMBC International Bank (L). Managers, with US$3 million each, are Banco Central Hispanoamericano, DongNam Bank, KEB Leasing & Finance and Tat Lee Bank.

The loan agreement was signed in Singapore yesterday.