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Chandra Asri Obtains $150 Million Syndicated Loan for Capex

PT Chandra Asri Petrochemical has signed a syndicated loan agreement of $150 million to fund capital expenditure, the Indonesian petrochemical producer said in an e-mailed statement in Jakarta today.

The deal was signed with DBS Bank Ltd., PT Bank Danamon Indonesia, PT Bank DBS Indonesia, Standard Chartered Bank Plc and HSBC Holdings Plc (HSBA), Chandra Asri said.

To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net

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