30 September 1996
REPORTS RESOLUTION ABOUT SYNDICATE LOAN
Central Pattana Plc (CPN) reported that the company has approved to
borrow a Syndicate Loan in US dollars to payback short-term loan and to
use as a capital to develop the company's project. The company therefore
would like to inform about the Syndicate Loan as folllows:
1. Objective : To payback short-term loan and to use as a capital to
develop its project.
2. Amount: US$30 million
3. Loan term: 3 years from the contract date
4. Interest rate: SIBOR 6 months plus 1.15% per year
5. Arranger and facility agent: Overseas Union Bank Limited (Singapore)
6. Benefits affected to shareholders: None
Translated by the Nation