Saka Energi signs $600m loan agreement
Saturday, December 5 2015 - 05:49 AM WIB
By Romel S. Gurky
IDX-listed state-controlled gas distributor PT Perusahaan Gas Negara Tbk (PGN) said on Friday that its subsidiary PT Saka Energi Indonesia signed on Dec. 2, 2015 a syndicated loan agreement with a bank syndication.
The bank syndication comprises of BNP Paribas, The Hongkong and Shanghai Banking Corporation Limited, Mizuho Bank, Ltd., PT Bank Mizuho Indonesia, PT Bank Sumitomo Mitsui Indonesia, PT HSBC Securities Indonesia, and Sumitomo Mitsui Banking Corporation.
The loan facility amounts to a maximum of US$600 million. The agreement is effective five years from the signing date.
The funds will be used to finance investment and operation as well as refinance debt.
Editing by Johannes Simbolon