PT Excelcomindo Pratama Tbk (XL) recorded the mature debt next year is IDR3 trillion. the company also allotted US$450 million capital expenditure next year or lower than the former projection of US$500 million.
Excelcomindo plans to pay the debt using loan gained from PT Bank Negara Indonesia Tbk and rights issue.
The company will keep cut off the debt. Up to last September XL had outstanding loan of IDr18.4 trillion. Excelcomindo will cut off the debt by IDR3 trillion and thus it turns into IDR15 trillion by this year end.
Monday, November 16, 2009
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