JAKARTA (Yosefardi) – Poultry feed producer PT Sierad Produce Tbk (SIPD) plans to rollover its debt worth Rp475 billion scheduled to mature next month.
Budiardjo Tek, SIPD president director said that loan, provided by Bank BNI, carries annual coupon of 10%, used for working capital.
The company expects to book revenues of Rp4.7 trillion this year, a 9% rise compared to Rp4.3 trillion last year.
It allocates capex of Rp340 billion for funding development of breeding farms, unit 4 and 5, in Lebak Banten. SIPD also plans to build hatching eggs factory in West Java.