Adaro to seal US$500 million loan

PT Adaro Energy Tbk is nigh to sign loan agreement of US$500 million. The coal producer will secure loans next month.
As reported by infrasia.com Friday last week, Adaro is securing loans from 12 financial institutions both local and foreign. The creditors are Bank Mandiri, ANZ Bank, Bank of Tokyo Mitsubishi UFJ, BNP Paribas, Chinatrust Commersial Bank, and DBS. The rest are HSBC, ING, OCBC, Sumitomo Mitsui Banking Corporation, Standard Chartered Bank, and UOB. Adaro wraps up 5 year loans providing annual interest rate of 3.75% above Libor with

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