PT Pupuk Kalimantan Timur (PKT) is seeking US$240 million of loans from a group of foreign banks to help finance expansion at one of its fertilizer plant, citing Finance Director Eko Sunarko.
PKT has credit commitment from bank syndication lead by PT Bank Mandiri Tbk worth IDR3 trilion. The company will allocate the fund for fertilizer plant Kaltim V.
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