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Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE


Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.

Bank of Tokyo Mitsubishi UFJ, BNP Paribas, DBS Bank, Natixis, ANZ Panin Bank and Bank DBS Indonesia signed the loan agreement last week, banking sources told the newspaper Investor Daily.

The loan, maturing in three years will be used by Harum Energy to repay debts, the sources said.

Harum Energy is a 50 per cent shareholder of coal producing PT Santana Baturaba in joint venture with PT Petrosea with coal concession in East Kalimantan.
Source: Trading Markets



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