Indika units sign $30m loan deal
Wednesday, May 27 2015 - 01:06 AM WIB
By Romel S. Gurky
IDX-listed integrated energy company PT Indika Energy Tbk said on Tuesday that its subsidiaries PT Indika Inti Corporindo (IIC) and Indika Capital Investments Pte Ltd (ICI) had on May 22 signed a US$30 million loan agreement.
Indika said in a statement that IIC would provide the loan to ICI, its Singapore-based coal trading affiliate.
Financing for the loan to ICI will come from bank loan facility obtained from Citibank N.A., Jakarta branch, the India statement said.
ICI will use the loan to help finance its coal trading activities, it added.
Editing by Reiner Simanjuntak