JAKARTA (Yosefardi) – PT Industri Gula Glenmore, subsidiary of state plantation firm PT Perkebunan Nusantara XII has bagged syndicated loan of Rp1.2 trillion from 5 banks, used to fund its integrated sugar mill construction.
Thaf 5 banks are Bank Rakyat Indonesia which provides Rp342 billion loan, Bank Negara Indonesia Rp257 billion, Indonesia Eximbank Rp342 billion, Bank Pembangunan Daerah Jawa Timur Rp168 billion and Bank Pembangunan Daerah Jawa Tengah Rp96 billion.
Glenmore will also use part of loan, with tenor of 10 years, to fund its power plant and organic fertilizer plant.