Oct 11, 2011

Fajar Surya seeks US$30 mio loan

Paper maker PT Fajar Surya Wisesa Tbk (FASW) is seeking a US$30 million of new loan facility next year aimed to finance modification of its paper machine facility.
Director Hadi Rebowo Ongkowijoyo at the company said the company hasn't determined the structure of the facility.
"It hasn't yet decided whether we will seek onshore or offshore facilities," he said as quoted by Bisnis Indonesia today.
Per June 2011, Fajar Surya's debt to equity ratio was 1.57 times with a total debt of Rp565.47 billion.

Disclosure: No position at the stock mentioned above.

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