Aug 11, 2011

Budi Acid seals US$32 million loan

PT Budi Acid Jaya Tbk has pocketed US$32 million loan facility from PT Bank Mandiri Tbk.
Budi Acid Corporate Secretary Marwati Wongso, as quoted by Bisnis Indonesia today, said the loan facility will be used to finance bio gas-fire power plant. "The 7-year loan will provide a competitive interest rate. But, I can't explain further detail," she said
With the additonal loan, Budi Acid's outstanding debts are about Rp500 billion and US$32 million.
Disclosure: No position at the stock mentioned above.
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