Golden Energy lends BIB $10 million
Saturday, August 16 2014 - 04:10 AM WIB
By Romel S. Gurky
IDX-listed coal company PT Golden Energy Tbk announced on Friday that it has provided PT Borneo Indo Bara (IBB) with a loan worthUS$10 million to support its capital expenditure and finance its coal facilities and infrastructures.
The loan was provided through Golden Energy?s subsidiary PT Roundhill Capital, which controls IBB.
The loan facility has a tenor of between Aug. 13, 2014 through Dec. 31, 2015 with an interest of 8 percent per annum for US dollar and 12 percent for rupiah
Editing by Johannes Simbolon