Indo Straits inches closer to secure standby loan US$30 million
Wednesday, November 9 2011 - 03:13 AM WIB
IDX-listed marine engineering company, PT Indo Straits Tbk said that it had inched closer to secure standby loan of US$30 million from PT Bank Permata which would be used to purchase the supporting heavy equipment such as floating cranes.
The tenor of loan will be between 4 year and 5 year.
?The negotiation with Bank Permata has entered the final stage. The agreement of standby loan will be signed next week,? Group Chief Financial Officer Straits Corporation Pte Ltd, Dwi Prasetyo Suseno said as quoted by Investor Daily.
The company planned to purchase two units of floatings with a unit was charged about US$20 million. (*)