VIVAnews – PT Excelcomindo Pratama Tbk. (EXCL) is planning to refinance its US dollar-denominated debt from several banks into rupiah-denominated debt.
The refinancing will be done in several phases.
“We are trying to attain the rupiah-denominated loan soon,” said Excelcomindo's temporary corporate secretary Pratama Sutrisman in a written statement in Jakarta on Tuesday, July 21.
According to him, the company would try to get a rupiah-denominated financing in the future. He added that the company had yet to plan conversing a US$800 million debt.
Previously, Excelcomindo has received a US$200 million loan from the Standard Chartered Bank and Royal Bank of Scotland.
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Translated by: Ariyantri E. Tarman
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26 April 2024
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