Sep 29, 2011

Tower Bersama to get US$200 mio loan

Tower Bersama Group is soon getting a US$200 million loan facility from several banks, as part of a US$2 billion debt seeking program.
The 4.5-year-maturity facility, as reported by Bisnis Indonesia today, will be channeled by Australia & New Zealand Bankin Group Ltd, Bank of Tokyo-Mitsubishi UFJ Ltd, DBS Group Holdings Ltd, Credit Agricole CIB, Srandard Bank Group Ltd, Oversea-Chinese Banking Corp, and United Overseas Bank Ltd. The banks are scheduled to enter the facility agreement with Tower Bersama next week.

Disclosure: No position at the stock mentioned above.

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