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By M. Munir Haikal
JAKARTA: PT Bakrie Sumatera Plantations Tbk has appointedPT Bank Internasional Indonesia, Credit Suisse Group AG andRaiffeisen International Bank AG to prepare a loan (arranger)worth U.S. $ 250 million five-year tenured.
One executive involvedin this transaction reveals loan will be used to refinance companydebt including debt securities worth U.S. $ 160 million with acoupon of 10.75% that matured in November.
"This loan will be secured by the assets of estates which had beenprepared Bakrie Plantations structure so that the other creditors ofthe company could not take advantage," he said today as quoted by Bloomberg.
The plan, Bakrie Plantations new loan will be paid by a premiumrate 700 basis points above the London Interbank Offered Rate(Libor) for creditors from abroad. However, premium rates willincrease to 900 basis points after one year.
In addition, the creditors in negei will get a premium interestmargin of 800 points above Libor, and will increase further to 1,000 basis points, equivalent to 10% after one year.
Businesses ask for confirmation to the President Director ofBakrie Plantations Ambono Janurianto, but the question is notpicked up her cell phone. (Minh)
source: bisnis.com
please give me comments thanks
JAKARTA: PT Bakrie Sumatera Plantations Tbk has appointedPT Bank Internasional Indonesia, Credit Suisse Group AG andRaiffeisen International Bank AG to prepare a loan (arranger)worth U.S. $ 250 million five-year tenured.
One executive involvedin this transaction reveals loan will be used to refinance companydebt including debt securities worth U.S. $ 160 million with acoupon of 10.75% that matured in November.
"This loan will be secured by the assets of estates which had beenprepared Bakrie Plantations structure so that the other creditors ofthe company could not take advantage," he said today as quoted by Bloomberg.
The plan, Bakrie Plantations new loan will be paid by a premiumrate 700 basis points above the London Interbank Offered Rate(Libor) for creditors from abroad. However, premium rates willincrease to 900 basis points after one year.
In addition, the creditors in negei will get a premium interestmargin of 800 points above Libor, and will increase further to 1,000 basis points, equivalent to 10% after one year.
Businesses ask for confirmation to the President Director ofBakrie Plantations Ambono Janurianto, but the question is notpicked up her cell phone. (Minh)
source: bisnis.com
please give me comments thanks
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