Singapore.
In an official statement filed to Indonesia Stock Exchange tonight, Bakrie and Long Haul signed the loan agreement on January 12 2012. However, Bakrie management hasn't explained the usage the loan facity.
Director Bakrie R.A. Sri Dharmayanti said Bakrie & Brothers will use US$193.97 million of the total facility. The facility will be used by Bakrie Group to refinance a US$1.34 billion loan facility previously secured from Credit Suisse.
Source : Citra
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