PT Trans Media Corpora, a unit of Indonesia's Para Group, agreed to borrow US$450 million in a five- year term loan for capital expenditure. Nine banks joined the original lending group and the facility was signed yesterday.
The facility, pays non-domestic lenders a margin of 400 basis points more than the London interbank offered rate.
These banks receive interest and fees, for the so-called top level all-in payment, of 436.5 basis points. Domestic banks were offered a margin of 450 basis points more than Libor, for a top level all-in payment of 486.5 basis points.
The nine banks that joined were Banco De Oro Unibank Inc., Bank of China Ltd., PT Bank Danamon Indonesia Tbk, PT Bank Pan Indonesia Tbk, Bank of Tokyo-Mitsubishi UFJ Ltd., Cathay United Bank Co., Chang Hwa Commercial Bank, Industrial & Commercial Bank of
China Ltd. and Raiffeisen Bank International AG.
The original lending group comprises Australia & New Zealand Banking Group Ltd., BNP Paribas SA, Citigroup Inc., Credit Suisse Group AG, HSBC Holdings Plc, ING Groep NV, JPMorgan Chase & Co., Royal Bank of Scotland Group Plc and Standard Chartered Plc.
The nine banks that joined were Banco De Oro Unibank Inc., Bank of China Ltd., PT Bank Danamon Indonesia Tbk, PT Bank Pan Indonesia Tbk, Bank of Tokyo-Mitsubishi UFJ Ltd., Cathay United Bank Co., Chang Hwa Commercial Bank, Industrial & Commercial Bank of
China Ltd. and Raiffeisen Bank International AG.
The original lending group comprises Australia & New Zealand Banking Group Ltd., BNP Paribas SA, Citigroup Inc., Credit Suisse Group AG, HSBC Holdings Plc, ING Groep NV, JPMorgan Chase & Co., Royal Bank of Scotland Group Plc and Standard Chartered Plc.
Trans Media has interests in financial services, media and entertainment and natural resources. Its business includes a television channel.
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