Muliakeramik loan raised to $47.5 million

Muliakeramik loan raised to $47.5 million

HONG KONG (Reuter): The five-year loan issue for PT
Muliakeramik Indahraya has been increased to US$47.5 million from
US$40 million due to oversubscription, arranger Bankers Trust
Hong Kong said yesterday.

The loan was launched on Oct. 4 and pays a margin of 180 basis
points over the three or six-month London Interbank Offered Rate
for direct lenders (including tax absorption fee 40 basis
points). There are no puts and calls.

Fees are 90 basis points for lead managers and 75 basis points
for managers. The all-in return to committing banks is 160-165
basis points for an average life of 3.65 years.

Arrangers, with US$5 million each, are Bankers Trust HK,
Credit Lyonnais Indonesia, Commerzbank Singapore and Development
Bank of Singapore.

Lead managers, with US$5 million each, are Banca Commerciale
Italiana Singapore, Bank Austria HK, Creditanstalt Singapore and
De Nationale Investeringsbank.

Managers are Malayan Banking Bhd and Mitsubishi Trust
Singapore, with US$3 million each, and Duta International
Finance, with US$1.5 million.

Signing has not yet been set.