Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank), which providesexport financing assistance to companies, hired banks to help it borrow $200 million in a four-year term loan.
Bank of Tokyo-Mitsubishi UFG Ltd. and Oversea-ChineseBanking Corp. were initially hired to organize the $200 million facility and have since been joined by Mizuho Financial Group.
Creditors are being invited to join at three levels and bankshave until the end of next week to respond. Those contributing $20 million or more will receive 175 basis points more than the London interbank offered rate, while those contributing $10 million to $19 million would be offered an all-in rate of 172 basis points. Banks contributing $5 million to $9 million will receive a rate of 170 basis points more than Libor.
LPEI which mainly provides financing for theindustrial, mining, agriculture and transport sectors in Indonesia, reported a 2010 net profit of IDR341.9 billion rupiah. The company has the equivalent of about $1.2 billion of bonds and loans maturing before the end of 2017.
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