PT Perkebunan Nusantara V (Persero) plans to use a new credit facility from PT Bank Mandiri Tbk amounting to IDR300 billion to repay the maturing bond on November 12, 2010.
PTPN V is a state-owned company engaging in oil palm and rubber plantation and processing. At end-March 2010, the Company’s plantation area amounted to 160,589 hectares (ha) consisting of self owned oil palm plantation (74,575 ha), self owned rubber plantation (11,488 ha), and plasma oil palm and rubber plantations (74,526 ha).
PTPN V is currently supported by 15,329 employees, equipped with 12 palm oil mills, and 4 rubber processing-facilities. PT Pemeringkat Efek Indonesia affirmed idA rating of bond I/2003 series A & B amounting to IDR300 billion of PTPN V.
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