JAKARTA (Yosefardi) – Industrial estate developer PT Bekasi Fajar Industrial Estate Tbk (BEST) has secured loan of US$100 million, with option to add until US$130 million or Rp1.7 trillion, from syndicated banks.
That banks are PT QNB Indonesia Tbk, Bangkok Bank (Jakarta branches), and Lembaga Pembiayaan Ekspor Indonesia (LPEI) or Indonesian Eximbank.
The loan will be used to refinance debts and funding the business development. BEST plans to build the commercial areal in West Cikarang, Bekasi which costs US$20 million or Rp260 billion.
The company allocates capital expenditure (capex) of Rp500 billion for this year. It also plans to issue global bond worth Sin$135 million or Rp1.26 trillion in Singapore.