Indonesia's Bakrie signs $76 million restructuring agreement

PT Bakrie Sumatra Plantation JSXUNSP had reportedly signed an agreement with its foreign creditors on the restructuring of $76 million debt whereby Bakrie could extend its payment of the principal debt for three years, with an interest rate of 3.5 percentage points above the Singapore Inter-Bank Offered Rates SIBOR.

The debt consists of $73 million in syndicated loans managed by Credit Suisse First Boston and $3 million trade financing provided by Credit Lyonnais.

Bakrie will pay the principal debt in quarterly installments over the next three years.

ANTARA

...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222