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INDONESIA'S PTPN X SEEKS US$116.6 MLN SYNDICATED LOAN.
JAKARTA, Sept 3 Asia Pulse - State-owned plantation company PTPN X is exploring the possibility of obtaining a syndicated loan worth Rp1.1 trillion (US$116.6 million) from Bank Mandiri (JSX:BMRI), BRI Bank (JSX:BBRI), Bank Mega (JSX:MEGA) and BCA bank (JSX:BBCA), PTPN X Financial Director Tendry Supriatno said here on Friday.
"The syndicated loan is needed to revitalize the company's plantations which are estimated to need about Rp1.6 trillion," Supriatno said.
He said that for the revatilization of its plantations, PTPN X had held intensive talks with Bank Mandiri to obtain credits amounting to Rp1.1 trillion.
Supriatno said that the remining Rp500 billion would be taken from the company's internal resources.
He said it was ...
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Source: HighBeam Research, INDONESIA'S PTPN X SEEKS US$116.6 MLN SYNDICATED LOAN.