IBC DETAILS PLANS TO PAY CREDITORS The Brazilian Coffee Institute, IBC, gave details of its plans to pay the 18 companies that bought 630,000 bags of robusta coffee in the London market on its behalf last September. An IBC spokesman told Reuters that a 15 mln dlr loan from the Banco do Brasil would be used to pay five mln dlrs a month in June, July and August to creditors. He said an auction of coffee would raise additional money and added that a Reuter report on June 16 gave the wrong impression that the auction was necessary to raise part of the 15 mln dlrs. No date has yet been set for the auction.