Tuesday, June 3, 2008

Bakrie Telecom got US$150 million loan commitment

PT Bakrie Telecom Tbk got vendor financing commitment of US$150 million from Huawei to support the corporate expansion.
BTEL Finance Director JAstiro Abi said the tenure of the financing is three years with one year grace period. The vendor financing interest rate is set on the basis of the London inter bank offered rate (Libor) plus 2.5 percent.
"Huawei will supply equipment to Bakrie Telecom with the agreed pricing. The tenure is three years with grace period of one year," he said to me at Singapore's Changi airport last week

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