Jul 12, 2010

Buana seals Rp50b loan from Victoria

PT Buana Finance Tbk has secured loan facility of Rp50 billion from PT Bank Victoria International Tbk.
In a public statement submitted to Indonesia Stock Exchange (IDX) today, Buana Finance has entered into loan agreement with Bank Victoria on July 9 2010.
Buana Finance President Director Soetadi Limin said the loan facility is guaranteed with receivable of Buana Finance at 110% higher than the 36 month loan facility.Buana Finance hasn't declared the usage of the loan facility.   

Disclosure: No position at the stock mentioned above.
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