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.