Profilindo gets loan

Wed, 09 Jul 1997, 00:00 WIB | Source: JP

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)

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