Nov 13, 2010

Indofood to pay Rp4.1 trillion debts

Instant noodle maker PT Indofood Sukses Makmur Tbk (INDF) aims to pay Rp4.1 trillion debt next month, shrinking its total debts to Rp12.88 trillion.
Indofood Director and Corporate Secretary Werianty Setiawan, as reported by a local media, said the company has seized Rp4.1 trillion from the IPO of its subsidiary PT Indofood CBP Sukses Makmur Tbk early October.
Indofood plans to pay long term debts to Bank Mandiri amounting to Rp460 billion, Bank Internasional Indonesia worth Rp450 billion, and ING Singapore of Rp408 billion
For the short term debts, Indofood will pay Rp820 billion debt to Bank Mandiri, Rp513 billion to Bank Central Asia, and Rp359 billion to Rabobank.

Disclosure: No position at the stock mentioned above.

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