RI seeks standby loan

RI seeks standby loan

HONG KONG (Reuter): The Republic of Indonesia, acting by and
through the Bank of Indonesia, has mandated six banks to arrange
an eight-year US$500 million syndicated standby facility.

The coordinating arrangers are Chase Manhattan (S.E.A.), the
overall bookrunner and coordinator, BOT International (HK), the
facility agent, Banque Nationale de Paris (Singapore), the
signing coordinator, DKB Asia, the publicity coordinator,
Dresdner (South East Asia), the documentation coordinator, and
IBJ Asia, the Japanese bookrunner.

The facility matures in eight years and is structured as a
revolving credit throughout its life.

The deal pays an interest margin of 62.5 basis points over the
six-month London Interbank Offered Rate. There is a commitment
fee of 31.25 basis points.

An expanded arranger group is being formed now. An upfront fee
of 52.5 basis points will be payable to arrangers for
underwriting and management.