Mar 11, 2011

PGN pays early US$246.5 mio debt

PT Perusahaan Gas Negara Tbk (PGN) accelerated the payment of its syndicated loans to Standard Chartered Bank Plc as much as US$246.5 million or Rp2.16 trillion.
"All syndicated loans shall mature on 9 December 2012," said PGN Corporate Secretary Wahid Sutopo in an information disclosure to Indonesia Stock Exchange today.
He said that the corporate announcement is necessary to meet the requirement in regulation of Bapepam-LK No.X.K.1 on Information Disclosure For Immediate Release to Public.
Previously, the state gas producer allocated minimum capex of US$250 million to finance routine expansion this year.

Disclosure: No position at the stock mentioned above.  

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