Tamara Bank gets loan

Tamara Bank gets loan

JAKARTA (JP): A syndicate of overseas banks committed itself yesterday to providing a loan of US$50 million to the Tamara Bank, a commercial bank listed on the Jakarta Stock Exchange.

The Tamara Bank announced that the syndicated loan was arranged by the Indover Bank, the ING Bank and the Asia Finance Corporation Bank, with the Asian Banking Corporation, the First Commercial Bank, the Chinatrust Commercial Bank and CNB Leasing of Hong Kong acting as managers.

The participants in the syndicate include the state-owned Bank Negara Indonesia, the Chang Hwa Commercial Bank, the Chinatrust Commercial Bank, CNB Leasing and the Korea Industrial Leasing Company.

The loan carries an interest rate which is 1.55 points above the London Inter Bank Offered Rate per annum. It is for a term of two years.(hen)