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Tuesday, July 19, 2011

Buana Finance pocketed IDR600 bio loan facility

Irvin Avriano A.

Buana Finance pocketed IDR600 bio loan facility

JAKARTA: PT Buana Finance Tbk pocketed syndicated loan facility worth IDR600 billion from five banks to covered up IDR2 trillion total financing target this year.

"OCBC NISP and BJB give loan facility IDR175 bio, respectively, and BNI IDR150 bio," said him to the press yesterday.

He said the other two banks whose gave the credit facility are PT Bank Ekonomi Raharja Tbk and Bank of China Jakarta branch, worth IDR50 bio, respectively.

He said even this latest facility had fulfill the financing needs for this year, his company is still searching for another loan to prepare financing requirement next year, which predicted will be higher from this year.

According to Antony, the preparation is needed in order to start next year's business planning earlier from the company, which is subsidiary of PT Sari Dasa Karsa (SDK).

The price of their listed stock, which coded BBLD, decline IDR10 to IDR530 level in the stock market yesterday. The price formed market capitalization IDR761,14 bio and its price to earnings ratio (PER) 10.66 times.

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