Rp 17b loans for Anugerah Unggul

Rp 17b loans for Anugerah Unggul

JAKARTA (JP): Publicly listed Bank Nusa Internasional and five
other local banks agreed yesterday to provide Rp 17 billion
(US$5.8 million) in syndicated loans to PT Anugerah Unggul
Persada.

Bank Nusa, the arranger of the syndicated loan, said the loan
would mature in five years, with a two-year grace period.

Members of the bank syndication include Bank Aspac, Bank
Inter-Pacific, Bank Dharmala and Bank Eksekutif Internasional.

The interest rate of the five-year loan has not been fixed.

In stable economic conditions, the interest rate would be set
at five percentage points on top of the average three-month
deposit rates of the participating banks, Bank Nusa said. But in
the current turmoil, loan interest rates would be based on
negotiations with borrower PT Anugerah Unggul, part of the
Jakarta Steel group.

Bank Nusa will contribute Rp 3.7 billion, Bank Finconesia will
contribute Rp 4.6 billion, Bank Aspac and Bank Inter-Pacific will
contribute Rp 2.7 billion each, Bank Dharmala Rp 2.3 billion and
Bank Eksekutif Internasional Rp 1 billion.

PT Anugerah Unggul president, Kurniadi Aman, said the loan
would be used to build a family recreation center in Puri Indah
Mall, Jakarta.

"Such a recreation center is also promising because the demand
for family recreation is still high in Jakarta," he said. (08)