More money for Indonesian telcos

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.