Bt13.5b Loan signed with 3 banks

Three banks have agreed to lend General Motors (Thailand) Bt13.5b to finance two vehicle programmes and construction of a new diesel-engine plant in Rayong province. Chansak Fuangfu, vice president for wholesale business at Bangkok Bank (BBL), said his bank and Siam Commercial Bank (SCB) were joint lead arrangers, lending Bt6b apiece, while Tisco Bank would provide Bt1.5b. The loan term is seven years. (The Nation)