Indonesian Political, Business & Finance News

PT Argo Pantes's loan

PT Argo Pantes's loan

HONG KONG (Reuter): Indonesia textile manufacturer PT Argo
Pantes has mandated Sumitomo Bank to arrange a US$50 million
three-year term loan facility, the arranger said.

Proceeds of the loan will be used to refinance existing loans.

Other details of the transaction including pricing were not
immediately available.

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