{
    "success": true,
    "data": {
        "id": 1418478,
        "msgid": "mulia-industrindo-debts-1447893297",
        "date": "1999-06-30 00:00:00",
        "title": "Mulia Industrindo debts",
        "author": null,
        "source": "DJ",
        "tags": null,
        "topic": null,
        "summary": "Mulia Industrindo debts JAKARTA (JP): Publicly listed glass and ceramics producer PT Mulia Industrindo said on Tuesday it was optimistic restructuring of its US$550 million debt to foreign creditors would be concluded in the third quarter of this year. The company said its foreign creditors' steering committee, which includes representatives from the Bank of America, the ABN AMRO Bank, Credit Lyonnais and the Sakura Bank had agreed in principle to the debt restructuring proposal.",
        "content": "<p>Mulia Industrindo debts<\/p>\n<p>JAKARTA (JP): Publicly listed glass and ceramics producer PT<br>\nMulia Industrindo said on Tuesday it was optimistic restructuring<br>\nof its US$550 million debt to foreign creditors would be<br>\nconcluded in the third quarter of this year.<\/p>\n<p>The company said its foreign creditors' steering committee,<br>\nwhich includes representatives from the Bank of America, the ABN<br>\nAMRO Bank, Credit Lyonnais and the Sakura Bank had agreed in<br>\nprinciple to the debt restructuring proposal.<\/p>\n<p>In a statement issued after its annual shareholders meeting,<br>\nMulia Industrindo said the maturity of the debt would be extended<br>\nuntil 2007. Should the company fail to repay the debt by that<br>\ntime, a debt to equity swap had been offered to the banks, under<br>\nwhich the creditors could take a 15 percent stake in the company.<\/p>\n<p>Mulia Industrindo produces ceramics, flat glass, glass<br>\ncontainers and glass blocks. (hen)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/mulia-industrindo-debts-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}