Sep 16, 2011

Bakrie Plantations seals US$210 mio loan

CPO producer PT Bakrie Sumatera Plantations Tbk (UNSP) has secured US$210 million loan facilities from seven banks. The facilities will be used by the company to refinance its debts.
Finance Director Harry M. Nadir said the facilities will mature in the next 5 years with the initial interest of 7% annually and gradually increase based on the market current situation.
"Three banks have acted as anchor with facilities higher than the remaining banks," he said. But, Harry declined to mention their names.
In June, Bakrie Plantations said it will secure US$250 million loan from PT Bank Internasional Indonesia, Credit Suisse Group AG, and Raiffeisen Bank International Bank AG. 

Disclosure: No position at the stock mentioned above.

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