Indonesia's Kiani to settle 160 mln usd debt to Bank Mandiri earlier -
report



JAKARTA (XFN-ASIA) - Pulp mill PT Kiani Kertas will settle its remaining
debt of about 160 mln usd to PT Bank Mandiri in August or as early as next
month using fresh funds it received from a new owner, Bisnis Indonesia
reported.

The debt repayment was previously scheduled for November at the latest.

"The funding for debt repayment comes from Hashim Djojohadikusumo. We will
repay the debt ahead of schedule," Bisnis quoted Kiani chief commissioner
Luhut Pandjaitan as saying.

Djojohadikusumo has recently acquired a 50 pct stake in Kiani from his
brother and Kiani's owner, Prabowo Subianto, for an undisclosed value,
according to the newspaper. 

#saham, DALnet
 
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