Sunday, November 26, 2006

Debt & equity market highlights

ING NV provided US$100 million bridging loan to PT Perusahaan Gas Negara (PGN) Tbk to finance the Sumatra-West Java pipeline project. The 5-month loan is part of US$225 million loan committed by ADB Consortium (including ING).

PT Kalbe Farma Tbk is expanding its factories in Bekasi, West Java with additional investment of Rp70 billion. The new plant will produce 4.73 billion tablets, 670 million capsules, etc.
PT Multibreeder Adirama Indonesia Tbk, meanwhile, is also expanding its facilities with Rp36 billion investment.
Paper manufacturer PT Suparma Tbk is building a new tissue paper plant with installed capacity of 15,000 tones/year in Surabaya, East Java with Rp65 billion investment.
Textile producer PT Karwell Indonesia Tbk is expanding facilities in Bekasi, West Java with Rp26 billion investment.




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