Jan 5, 2012

Harum Energy seals US$270 mio loan

Coal miner PT Harum Energy Tbk secured a US$270 million syndicated loan led by DBS Bank Ltd Singapore and UOB Ltd.
Corporate Secretary Mira S. at Harum Energy, in a filling to Indonesia Stock Exchange today, said the 3-year loan facility is intended to end the previous facility arranged by DBS Bank Ltd as well. 
However, she did not explain further detail about the loan usage. Harum Energy, that is controlled by Indonesian coal pioneer Kiki Barki, fell 1.38% to Rp7,150 a share, sending a Rp19.31 trillion market capitalization.

Disclosure: No position at the stock mentioned above.  

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