PT Kirana Megatara, subdiary Triputra Group raise US$600 million syndication loan with tenor 3 years from 12 bank. Kirana Megatara is currently Indonesia's largest crumb rubber processor and exporter with 14 processing mills in Sumatra and Kalimantan.
Kirana Megatara picks PT Bank CIMB Niaga Tbk, PT Bank Permata Tbk, HSBC Indonesia, dan Standard Chartered Bank Indonesia as a mandated lead arranger.
The company has option to raise additional loan US$200 million. Kirana plans to use US$500 milion loan for working capital. Kirana also plans to use US$100 million loan for develop and acquisition new factory.
The crediturs are Eximbank Indonesia, ICBC Indonesia, Rabobank Indonesia, OCBC Singapura, OCBC NISP, Bank of Tokyo UFJ, Korea Development Bank, and Bank of China.
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