Tridana sets Rp 30b loan

Tridana sets Rp 30b loan

HONG KONG (Reuter): PT Tridana Pratama Finance has mandated BII Capital Markets to arrange a Rp 30 billion revolving underwriting facility, Bank Internasional Indonesia said.

The facility has a tenor of two years and pays a committed margin of 0.75 percent per annum. The reference rate is 3.25 percent per annum plus Average Managers Time Deposit Rate (divided by 1 minus reserve requirement).

The Average Managers Time Deposit Rate is quoted from the Managers counter deposit rate four business days before the draw down.

Underwriting fees are 50 basis points for committing Rp 3-5 billion, 62.5 basis points for committing Rp 5-9 billion, and 75 basis points for committing over Rp 9 billion.

An underwriting group is being formed.