{
    "success": true,
    "data": {
        "id": 1355987,
        "msgid": "app-creditors-agree-on-payment-period-1447893297",
        "date": "2003-05-31 00:00:00",
        "title": "APP, creditors agree on payment period",
        "author": null,
        "source": "AGENCIES",
        "tags": null,
        "topic": null,
        "summary": "APP, creditors agree on payment period JAKARTA: Asia Pulp & Paper Co. (APP) and its creditors have reached preliminary agreement on extending the payment period for one third of the US$6.4 billion debt being negotiated this week, the Singapore-based company with Indonesian and China operations said. APP can have up to 15 years to repay one portion of the debt, amounting to $2.2 billion and classified as unsustainable.",
        "content": "<p>APP, creditors agree on payment period<\/p>\n<p>JAKARTA: Asia Pulp &amp; Paper Co. (APP) and its creditors have<br>\nreached preliminary agreement on extending the payment period for<br>\none third of the US$6.4 billion debt being negotiated this week,<br>\nthe Singapore-based company with Indonesian and China operations<br>\nsaid.<\/p>\n<p>APP can have up to 15 years to repay one portion of the debt,<br>\namounting to $2.2 billion and classified as unsustainable. That<br>\nis longer than the previously agreed period of up to 10 years,<br>\nspecified in a Sept. 2002 preliminary agreement.<\/p>\n<p>The company and its lenders have been hammering out details<br>\non how to restructure half of the $13 billion debt owed by APP's<br>\nbiggest defaulter after 27 months of non-payment. A successful<br>\nagreement would bolster the government's efforts to lift<br>\nconfidence in a country whose companies owe more than $60 billion<br>\nto overseas creditors.<\/p>\n<p>Creditors, which include export credit agencies of Canada,<br>\nFrance, Germany, the U.S. and Japan and Japanese trading<br>\ncompanies, are to meet by June 9 to vote on the latest proposals.<br>\n-- Bloomberg<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/app-creditors-agree-on-payment-period-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}