PT Recapital Advisors is likely to default as it is unable to pay its obligation to provide the credit of IDR2.6 trillion for PT Dipasena Citra Darmaja.
The credit should have been provided today. Recapital has planned to disburse IDR1.5 trillion in March this year.
After the completion of the loan disbursement, the debt to equity conversion will be step by step to the maximum of 75%.
The farmers of Dipasena will get financing in March 2007 at the latest, and then Recapital will repay the debt of the farmers to the government at the total of IDR202 billion.
Base on initial credit agreement with Recapital, the total credit of IDR1.5 trillion will be disbursed in 15 months, with the interest rate of SBI plus 5.25%.
Thursday, March 1, 2007
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Mau saingan sama Yosef Ardi nih...
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