JAKARTA-
Indonesia's largest lender in asset Bank Mandiri (JSX:BMRI) is leading a bank syndicate to provide a Rp5.55 trillion (US$555 million) loan for state telecommunication company PT Telkom (JSX:TLKM).
Other members of the syndicate are PT Bank Central Asia (BCA) (JSX:BBCA), PT Bank Negara Indonesia (BNI) (JSX:BBNI) and PT Bank Rakyat Indonesia (BRI) (JSX:BBRI).
BCA and Bank Mandiri will provide the largest part of Rp2 trillion each with BRI and BNI to contribute Rp800 billion and Rp750 billion respectively, the newspaper Investor Daily said.
Banking sources told the paper an agreement will be signed soon, but an official of Bank Mandiri refused to confirm.
PT Telkom will use the fund as part of its capital spending of Rp15 trillion set for this year, the source added.
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