Trakindo mandates loan

Fri, 14 Jun 1996 | Source: REUTERS

HONG KONG (Reuter): PT Trakindo Utama has mandated Chase Manhattan Asia to arrange a US$50 million revolving credit, bankers said.

The borrower controls a large share of Indonesia's heavy equipment market.

The facility has a tenor of one year but can be extended for three more years at the lenders' option.

Pricing details were not yet available. General syndication is scheduled to start next week.

View JSON | Print