JAKARTA (Yosefardi) – Philip Morris (PM) Finance Asia SA will provide maximum Rp13.49 loan to cigarette maker PT Hanjaya Mandala Sampoerna Tbk (HMSP).
For the phase one, the loan will mature in September 1, 2025. Meanwhile HMSP will provide loan of Rp10.18 trillion, or US$818 million, to its affiliated Philip Morris Finance S.A.
Philip Morris Indonesia now controls 98.18% shares of HMSP. HMSP is managed to raise Rp26.7 trillion from its rights issue program, to comply with minimum free float of 7.5% set by the capital market regulation.