Mar 5, 2012

Bakrie Plantations to pay US$60m debt

Palm oil player PT Bakrie Sumatera Plantations Tbk (UNSP) is reported that the company must provide a US$60 million to pay debt this year to Credit Suisse and Bank Mandiri.
As reported by Kontan daily today, Bakrie Plantations acquired PT Domba Mas, an oleochemical products maker, in 2010 with a total debt of US$313 million 
Domba Mas owed US$190 million to Credit Suisse, US$45 million to Procter and Gamble (P&G), and US$78 million to Bank Mandiri.
"We have completed debt payment to P&G," said President Director Ambono Janurianto.

Disclosure: No position at the stock mentioned above.

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