BNI Get US$150 Million Loan From SCB

PT Bank Negara Indonesia Tbk has secured the commitment to get US$150 billion in loan from Standard Chartered Bank (SCB) to refinance its debt.
The International and Treasury Director of BNI, Fero Poerbonegoro, said the bank will allocate US$100 million to repay the debt that will be matured this year.
"We got the commitment of US$150 million loan from SCB at the tenor of three years. We will use the money to prevent from maturity mismatch and to repay the maturing debt of US$100 million," he said last week.
He said that the maturing debt of US$100 million is with the tenor of one year. "We extend the tenor with the new debt. The interest rate will refer to Singapore inter-bank offered rate (Sibor)."