Buana News - Finance Company in Indonesia

PT Buana Finance Tbk signed a syndicated loan in amount of IDR 1.055 trillion with term of facility of 36 months with PT Bank Central Asia Tbk, PT Bank CIMB Niaga Tbk, Bank Jateng, Bank BJB, ICBC Indonesia and SBI Indonesia on November 29, 2016 in InterContinental Jakarta Midplaza.
Mandated Lead Arrangers and Bookrunners for the syndicated loan are Bank BCA and Bank CIMB Niaga. Bank BCA also acts as Facility Agent and Security Agent.
PT Buana Finance Tbk provided the Company’s receivables as collateral and this syndicated loan will be used for the Company’s working capital.