The loans would be available 24 months after the signing of the loan agreement, Medco finance director Syamsurizal Munaf said in a press statement on Tuesday.
The loans would be payable in five years using competitive 3-month LIBOR rate after being disbursed, he said.
Medco is expected to use the loans to refinance its maturing debts and beef up its working capital.(*)
Editor: Aditia Maruli Radja
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