Jun 28, 2011

Garuda seals US$55 mio loan facility

Indonesia's air flag carrier PT Garuda Indonesia Tbk (GIAA) has sealed US$55 million loan facility from a number of banks.
Garuda, which will use the facility as general working capital, has signed the loan agreement on June 24 with Citigroup Global Markets Singapore Pte Ltd, UBS AG, Singapore, PT Bank Central Asia Tbk, PT Bank ICBC Indonesia, PT Bank Internasional Indonesia Tbk, PT Bank Permata Tbk, and Bank of China Ltd, Jakarta, as arrangers and creditors.
Ike Andriani, Garuda Corporate Secretary in a disclosure filed to Indonesia Stock Exchange today, Citigroup and BII are acting as the facility agents. 

Disclosure: No position at the stock mentioned above.

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