Bank Negara Indonesia to Sign $600 Million Loan From Six Banks
- Bank of America, DBS and HSBC among lenders for four-year deal
- Dollar loans from Indonesian borrowers have hit eight-year low
A Bank Negara Indonesia branch in Jakarta.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Bank Negara Indonesia is raising a $600 million four-year club loan from six banks, according to people familiar with the matter, in what would be one of the largest offshore facilities from the country this year.
Bank of America Corp., CIMB Bank Bhd., CTBC Bank Co., DBS Group Holdings Ltd., HSBC Holdings Plc and Oversea-Chinese Banking Corp. are providing the loan, according to the people, who asked not to be identified discussing private matters. The proceeds will be used for refinancing and general corporate purposes, the people added.