JAKARTA. PT Indonesia Infrastructure Finance (IIF), an infrastructure financing company, has secured an uncommitted revolving loan facility worth IDR 300 billion from PT Bank BNP Paribas Indonesia.

Said loan facility has been effective and available since December 20, 2022, as revealed by Reynaldi Hermansjah, President Director of IIF. “Until today, IIF has yet to request a withdrawal,” he added.

Hermansjah also mentioned that the facility from BNP Paribas will be used to promote its business expansion. “Particularly to meet funding needs in IDR for projects that are supported by IIF,” he explained.

According to IDNFinancials data, IIF recorded cash and cash equivalent of IDR 986.74 billion until September 30, 2022. Meanwhile, the company’s total assets and equity clocked up to IDR 16.42 trillion and IDR 2.27 trillion. (KR/ZH)