ABM Investama obtains $30m loan
Tuesday, July 1 2014 - 01:32 AM WIB
By Romel S. Gurky
IDX-listed integrated energy company PT ABM Investama Tbk, which is engaged among others in coal mining and services, logistics, and power generation, has obtained a US$30 million loan from its major shareholder Valle Verde Pte Ltd.
The company said in a statement Monday that the loan would be used to help finance its various operations.
Meanwhile, ABM President Director Andi Djajanegara was quoted by Investor Daily as saying that the loan carries an interest rate of 3 percent plus Libor, which is relatively cheaper than the current rates charged by banks.
Editing by reiner Simanjuntak