Jul 2, 2011

Astra Sedaya seals US$200 mio loan

PT Astra Sedaya Finance (ASF) has secured US$200 million of syndicated loan from 19 banks. The lenders are from Taiwan, Hong Kong, and Singapore.
"The 3-year loan facilities, arranged by HSBC, will be used by Astra Sedaya Finance as working capital and financing," said Djony Bunarto Tjondro, ASF President Director, said in a press statement. To fulfill the financing this year, ASF will use working capital bankrolled by bank loan facilities.

Disclosure: No position at the stock mentioned above.

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