HomeNewsVideos

Indonesia Infrastructure obtains US$ 100 million loan facility

10 June 2020 10:35

JAKARTA - PT Indonesia Infrastructure Finance (IIF) received a US$ 100 million subordinated loan facility which can be used effectively starting from 1 June 2020.

Reynaldi Hermansjah, President Director of PT Indonesia Infrastructure Finance (IIF), said that the subordinated loan facility will be used to support the company business expansion, specifically to provide dollar-denominated funds for a number of projects financed by the company. "Until now, IIF has not used the facility yet," he said as quoted from the disclosure of information on Wednesday (10/6).

This loan facility was given by PT Sarana Multi Infrastruktur to IIF on 15 May 2020. The source of the funds came from an agreement between the Asian Development Bank (ADB) and the Indonesian government signed on 18 December 2019. (LK/AR)

© 2024 - IDN Financials - All Rights Reserved.