PLN to sign Rp12t loan deal next month: Banker
Monday, March 13 2017 - 02:23 AM WIB
Petromindo
State-owned electricity firm PT PLN is scheduled to sign a total of Rp 12 trillion loans from a syndication of nine banks next month, Bisnis Indonesia reported on Monday.
The paper quoted Bank Mandiri Director Royke Tumilaar as saying that the bank will participate in the syndicated loan expected to be signed in April.
?There will be a number of state-controlled banks and syariah bank in the loan deal,? he said, referring to Islamic bank.
He said that loan would help finance PLN?s working capital including for large power plant projects. He did not provide further details. (*)