Subur gets Rp 37.2b syndicated loan<\/p>\n
JAKARTA (JP): PT Subur Agrosindo Selaras, a subsidiary of
\npoultry company Subur Group, secured a Rp 37.2 billion (US$15.5
\nmillion) syndicated loan yesterday to finance its investment
\nprojects.<\/p>\n
The company's chief commissioner, Yusman Tamara, said the loan
\nprovided by eight local banks, would partly fund the company's Rp
\n67.3 billion expansion.<\/p>\n
About 70 percent of the investment would be used to finance a
\ncorn drying production project and the remaining 30 percent to
\nset up a bird feed plant and plastic bag plant.<\/p>\n
The two projects will be set up in Lampung and Banjarmasin,
\nSouth Kalimantan.<\/p>\n
The bank syndication included Bank Niaga (Rp 6 billion), Bank
\nDanamon (Rp 6 billion), Bank Panin (Rp 6 billion), Bank Uppindo
\n(Rp 4.5 billion), Bank IFI (Rp 4.5 billion), Bank Universal (Rp 4
\nbillion), Bank Duta (Rp 4 billion) and Bank Dewa Rutji (Rp 2.2
\nbillion).<\/p>\n
The interest rate of the loan, which will mature in 51 months,
\nwould range between 19.5 percent to 20 percent.<\/p>\n
The company's vice president, Fardan Noor, said the company
\nwould increase its supply of chicken meat by about 30 percent
\nfrom 153.8 million broilers in 1996 to about 200 million this
\nyear.<\/p>\n
"We are supplying the domestic market," Yusman said after the
\nsigning of the loan. "We control about 15 percent of the national
\nmarket and our supply is to help stabilizing the price of day old
\nchickens." (10)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/subur-gets-rp-372b-syndicated-loan-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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