HomeNewsVideos

Mitra Energi Persada secures credit facility from Bank Mandiri worth IDR 217 billion

01 September 2022 20:22

JAKARTA. PT Mitra Energi Persada Tbk (KOPI) has obtained three types of credit facilities from PT Bank Mandiri (Persero) Tbk (BMRI), worth a total of IDR 217 billion.

Those facilities received by KOPI include an Investment Credit capped at IDR 134.8 billion, a Letter of Credit (L/C) facility with a maximum credit of USD 5.4 million or approximately IDR 80 billion, and a Working Capital Credit limited at IDR 1.9 billion. The agreement regarding all three facilities was signed a couple of days ago, on August 30, 2022.

The term of the investment credit will only be effective until May 31, 2030. Meanwhile, the L/C facility will be provided until the availability period of the investment credit is up. Lastly, the working capital credit will be available until March 31, 2023.

“The interest rate attached to the credit facilities granted by the bank is set to 10.50% per year and may change according to the applicable regulations,” the management of KOPI explained in detail in its information disclosure.

The credit facilities will be utilised to promote the Provision, Operation, and Maintenance of Gas Power Plant with a capacity of 4.36 MW. This project is commissioned by PT Domas Agrointi Prima (DAP) in North Sumatra. (KR/ZH)

© 2024 - IDN Financials - All Rights Reserved.