Bank of China contributes $3 million USD to $33 million USD revolver tranche of $90.38 million USD syndicated multi-currency loan to PT Mitra Adiperkasa Tbk

In June 2007, PT Mitra Adiperkasa - a retail company managing over 600 stores in Indonesia - signed a $90.38 million three-year multi-currency loan with a syndicate of lenders. The facility is split into a ¥6.954 billion JPY term loan and a $33 million USD revolver. Both tranches carried a maturity period of three years and an interest rate of 7.893% (average 6-month LIBOR + 250 basis points). For the yen tranche, Mizuho lent ¥1.83 billion, ABN Amro and Standard Chartered each contributed ¥1.22 billion, Bank of Tokyo-Mitsubishi UFJ provided ¥976 million, Sumitomo Mitsui Banking Corp lent ¥488 million, Bank of Baroda and Krung Thai Bank each provided ¥366 million, and Bank of Taiwan and Indian Bank lent ¥244 million each. For the US dollar tranche, Bank Negara provided $15 million, Bank Danamon Indonesia lent $10 million, Bank Internasional Indonesia provided $5 million and Bank of China provided $3 million.

Additional details

1. This loan carried a 2.42% interest rate (AidData calculated the interest rate as follows: 5.393% [average 6-month LIBOR in June 2007] + 2.50% [250 basis points] = 7.893%).

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