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Dec 14, 2016 08:12:14

Bank Rakyat Indonesia ($BBRI) distributes loans to Bukit Asam ($PTBA)

BBRI distributed loans totaling to USD135mn and Rp800bn to PTBA. The loans will be used to support the company’s funding and to support the government’s energy supply. The foreign exchange loan scheme consists of USD100mn of working capital loans and USD35mn of forex line, which is a non-cash facility to be used for hedging. Meanwhile, of the total rupiah loans, Rp500bn consists of bank guarantees and stand by letters of credit while the remaining Rp300bn will be used as collateral for imported coal and operational needs both inside and outside the country. (Bisnis Indonesia)

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