Eximbank disburses $20m loan for J Resources
Thursday, November 17 2016 - 12:55 AM WIB
IDX-listed gold miner PT J Resources Asia Pasifik Tbk said that Indonesia Eximbank on Wednesday disbursed US$20 million loan, which is part of the total $208.5 million syndicated loans signed on February 17 of this year.
The company said in a statement that with the latest disbursement, the remaining undisbursed syndicated loan (green shoe) now stands at $10 million.
The company?s subsidiaries in February signed a combined $208.5 million of syndicated loans and $50 million of trade finance facility with a number of Indonesian banks to finance its operations. The company has withdrawn the entire $50 million trade finance facility as per October 18.
J Resources has several gold mines in Indonesia located in East Kalimantan, North Sulawesi and Gorontalo provinces.
Editing by Reiner Simanjuntak