JAKARTA (Yosefardi) – PT Ancora Indonesia Resources Tbk (OKAS) has today restructured its debt of US$15.6 million to PT CIMB Niaga Tbk.
The loan, used for funding investment, was made in September 16, 2009. Under the restructuring agreement, this loan will mature next 60 months. The loan carries annual interest of 10%.
OKAS puts as collateral for loan its assets such as 52% shares of PT Ancora Resources and 36% shares of PT Bormindo Nusantara.