Ometraco gets $75m loan

JAKARTA (JP): PT Ometraco Multi Artha, a multi finance subsidiary of the publicly listed PT Ometraco Corporation, has obtained a US$75 million syndicated loan.

Ometraco said in a statement yesterday that the loan, which will mature in two years, will be used to expand the factoring, leasing and consumer financing business of Ometraco Multi Artha.

The statement said that the loan was arranged by Bank Internasional Indonesia of the widely diversified Sinar Mas Group.

Other banks included in the syndication were Bank Ekspor Impor Indonesia, Fuji Bank International Indonesia, Bank BII Commonwealth, Bank Negara Indonesia and Bank Pembangunan Indonesia. (09)