CIMB Niaga Lead 92.7 Million Loan Syndication U.S. Dollar

PT Bank CIMB Niaga Tbk as the mandated lead arranger along with participating banks syndication, namely PT Bank Mega Tbk and PT Bank Resona Perdania, provide credit facility to PT NAP Info Lintas Nusa (NAP Info) worth 92.7 million U.S. dollars. This credit facility is used to take over financing the construction of fiber-optic cable along the 1055 km from Jakarta to Singapore, called the Matrix Cable System.

The statement was made Vice President Director of Bank CIMB Niaga Cathterine Hadiman, Tuesday (15/12/2009) in Jakarta. NAP Info is the owner of the company’s fiber-optic cable under the sea with a capacity of 2.56 terabytes and has started its commercial activities for the sale of Matrix Cable System since August 2008.

Telecommunications is one of strategic industry and growing rapidly in Indonesia. As a country that has a population of 4 numbers in the world’s largest, the growth potential of this industry is still quite large in the future. NAP Info as a company that support the telecommunications industry is certainly the development prospects also have a very good.
Currently, 77.24 percent of Bank CIMB Niaga’s shares owned by CIMB Group which is the largest financial service providers both in Malaysia. Based in Kuala Lumpur, CIMB Group has regional offices in Singapore, Indonesia, and Thailand. CIMB Group has a market capitalization of nearly 36.6 billion ringgit Malaysia as of 1 September 2009.

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