The largest state-owned bank PT Bank Mandiri Tbk (BMRI) has eventually reigned in 10.61% interest in the national biggest flag carrier PT Garuda Indonesia after completing prolonged mandatory convertible bond (MCB) settlement worth Rp1 trillion.
MCB agreement was signed by Garuda Operation Service Director Ari Sapari and Abdul Rachman, Special Asset Management Director today.
Under such agreement, Garuda is agreed to pay Rp50 billion to Bank Mandiri, while the remaining MCB valued Rp967 billion will be converted into Garuda shares.
0 comments:
Post a Comment