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Selasa, 29 Maret 2011

Indika Secures US$130 Million Loan Facilities - The Indonesia Today

Energy and engineering company PT Indika Energy (INDY) Tbk has on March 23 signed with UBS AG, Singapore branch, a US$65 million facility.

The facility will due April 29, 2012. "The fund will be used to finance the company's operations," INDY told stock market authorities last Friday (March 25).

Earlier on March 22, INDY signed a US$65 million facility with Standard Chartered Bank Singapore branch and Standard Chartered Bank Jakarta branch with maturity in April 29, 2012 as well.

INDY closed lower at Rp4100 Monday (March 28). At that price, INDY currently has market capitalization of Rp21.35 trillion or about US$2.45 billion. INDY is in the process to refinance its US$250 million Notes.
Posted by Saham Pilihan at 06.00

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