{
    "success": true,
    "data": {
        "id": 1091907,
        "msgid": "apps-unit-pays-interest-1447893297",
        "date": "2001-03-06 00:00:00",
        "title": "APP's unit pays interest",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "APP's unit pays interest SINGAPORE (AFX-ASIA): Asia Pulp and Paper Co Ltd (APP) said that unit PT Pabrik Kertas Tjiwi Kimia Tbk has paid the US$13.25 million interest on its bonds due on Feb. 1. The payment was made within the applicable grace period, it added. APP chief financial officer Hendrik Tee said the company managed to make the payment despite a difficult business environment marked by falling paper prices which has caused liquidity constraints.",
        "content": "<p>APP's unit pays interest<\/p>\n<p>SINGAPORE (AFX-ASIA): Asia Pulp and Paper Co Ltd (APP) said<br>\nthat unit PT Pabrik Kertas Tjiwi Kimia Tbk has paid the US$13.25<br>\nmillion interest on its bonds due on Feb. 1. The payment was made<br>\nwithin the applicable grace period, it added.<\/p>\n<p>APP chief financial officer Hendrik Tee said the company<br>\nmanaged to make the payment despite a difficult business<br>\nenvironment marked by falling paper prices which has caused<br>\nliquidity constraints.<\/p>\n<p>APP has appointed Credit Suisse First Boston to help the<br>\ncompany map out a plan on how it can best deal with its debts.<\/p>\n<p>\"APP plans to accelerate its non-core asset divestment<br>\nprogram and has retained JP Morgan to advise it with respect to<br>\ncertain of these divestments, \" Tee said.<\/p>\n<p>Tee said the company has signed a preliminary deal involving<br>\nthe sale of its paper facility in India, subject to a due<br>\ndiligence audit to be conducted by the potential buyer of the<br>\nasset.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/apps-unit-pays-interest-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}