Pelindo II Bags US$1bn Foreign Loan

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  • Gedung PT Pelabuhan Indonesia (Pelindo) II cabang Tanjung Priok, Jakarta Utara. TEMPO/Subekti

    Gedung PT Pelabuhan Indonesia (Pelindo) II cabang Tanjung Priok, Jakarta Utara. TEMPO/Subekti

    TEMPO.CO, Jakarta - PT Pelabuhan Indonesia (Persero) II has obtained US$1 billion in loans from a foreign consortium. Pelindo II director Richard Joost Lino said the loan will be used to develop the New Priok Terminal.

    The consortium is made up of seven foreign banks, namely Deutsche Bank, ANZ Bank, Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation, Mizuho Bank, Societe Generale, and the United Overseas Bank.

    "The foreign loan is agreed over a greenshoe option, and will be decided within the next five years for an interest rate of about 2.45 percent," Lino said in a written statement yesterday.

    Pelindo II corporate secretary Rima Noviyanti said US$550 million of the loan was disbursed last week. In addition to the development of New Priok Terminal, the loan will be used to improve facilities at ports managed by Pelindo II.

    "The remainder of the loan will be disbursed in accordance with the needs of the company," she said.

    FAIZ NASHRILLAH | AMOS SIMANUNGKALIT