Bormindo gets loan from Bank Mandiri
Thursday, March 21 2013 - 07:33 AM WIB
By Ruli Setiawan
IDX-listed company PT Ancora Indonesia Resources Tbk reported on Thursday that its 60 percent owned subsidiary PT Bormindo Nusantara signed a renewed agreement with state-owned PT Bank Mandiri to get new loan facilities of US$21 million and Rp18.1 billion.
The company said that the loan facilities are direct loans from the bank, but it did not disclose about its plan to use the fund.
PT Bormindo Nusantara is a company specializing in providing supportive services, including rig construction and services, in the oil and gas industry.
Editing by Benget Besalicto Tnb.