JAKARTA (Indonesia Today) – Indonesia Eximbank, also known as the Export Financing Agency (LPEI), has secured syndicated loan of US$200 million, provided by some foreign banks.
The syndicated laon is facilitated by Bank of Tokyo Mitsubishi UFJ, Mizuho Bank, and OCBC Singapore. The signing of loan agreement is scheduled for October this year.
The loan will have tenor of 3 years and is expected to carry interest rate of 2.31%.
LPEI has also bond facility of Rp1.29 trillion to be issued until March 2014. Media has reported LPEI targets to issue bond worth Rp7.8 trillion in 2013 this year, consisting of rupiah bond amounting Rp3 trillion and global bond amounting US$500 million (equivalent Rp4.8 trillion).
He said the bond proceeds will be used to support its financing next year. As of August 2013, LPEI booked financing of Rp32.19 trillion.