Profilindo gets loan

JAKARTA (JP): A bank syndication led by Bank Tamara agreed yesterday to grant a Rp 80 billion (US$326.79 million) loan to finance company PT Profilindo Intratama Finance.

Bank Tamara's vice president Hendrik Suhardiman said yesterday the three-year syndicated loan would carry a floating rate.

"Sixty percent of the loan or Rp 48 billion will be given through PT Profilindo as a small-scale credit channeling facility," Hendrik said after the loan signing.

The remaining Rp 32 billion will be given as a revolving underwriting facility to finance Profilindo's other business sectors, he said.

The syndication consists of 14 banks, with Bank Tamara as the lead arranger and Bank Media and Bank IFI as the co-arrangers. (das)