More money for Indonesian telcos

DBS and Bank Mandiri lead the first Indonesian telecom loan since the crisis.

Nick Lord

January 20, 2004

DBS and Bank Mandiri yesterday (Tuesday) closed the syndication of a $215 million loan to PT Mitra Global Telekomunikasi (MGTI). The banks are joint mandated co-ordinating arrangers of the loan, which has been syndicated out to six other banks: ABN AMRO, Bank Danamon, Bank DBS Indonesia, Bank Internasional Indonesia, ING Bank and Bank Rabobank International Indonesia.

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