Tuesday, July 31, 2012

Bank Mandiri plans to raise US$480 million loan

PT Bank Mandiri Tbk enlarged foreign currency loans target to US$480 million after managed to scoop US$250 million in the first semester of 2012 which bundled with recapitalization bonds valued at IDR1.8 trillion.

The company is conducting an assessment with several banks to execute foreign currency loans and government bonds sales. The proceeds are expected to be directly channeled into foreign currency loans before 2012 ends.
The banks recently signed a foreign currency loan of US$250 million which bundled with recapitalization bonds sales valued at IDR1.8 trillion. Bank Mandiri received the loan from Standard Chartered Bank with 3 years period.

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