Ometraco raises loans

Ometraco raises loans

JAKARTA (JP): PT Ometraco Corporation has completed a Global Medium Term Note program worth US$250 million that will enable it to issue a series of bonds with a maturity of up to 10 years carrying fixed or floating interest rates.

Coordinated by Citicorp International Limited, the program allows the denomination of the bonds in various European currencies, Ometraco said in a statement over the weekend.

The program is the first of its kind made by an Indonesian issuer, the company said.

The company also announced that it reached a deal on the issuance of a five-year floating rate note worth $80 million.

The issuance was lead and managed by companies Citicorp International, Morgan Stanley International, Paribas Capital Markets and SBC Warbug, while ANZ Grindlays, Bangue Nationale de Paris, Sanwa International Finance and West Merchant Bank acted as comanagers.(13)