Jun 20, 2011

Sierad secures Rp100 bio loan facility

PT Sierad Produce Tbk (SIPD) has entered into loan agreement of Rp100 billion with PT Bank Mandiri Syariah. Sierad will use the facility as working capital.
Sierad previously secured Rp60 billion of working loan facility and Rp64 billion of investment credit. Sierad believes bank loan facility is the best option as its leverage is still low. It expects the facility will help Sierad to reach the target.

Disclosure: No position at the stock mentioned above.  

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