PT Chandra Asri Pacific Tbk (Chandra Asri Group) has signed with PT Bank Mandiri (Persero) Tbk (Mandiri Bank) a fixed term loan agreement worth IDR 4 trillion, with a repayment period of 7 (seven) years , to boost business at its infrastructure investment arm, PT Chandra Daya Investasi (CDI).
The agreement was signed in Jakarta by Andre Khor, Chief Financial Officer of Chandra Asri Group, and Helmy Afrisa Nugroho, Senior Vice President of Corporate Banking at Bank Mandiri. The funds from this line of credit will be used to support CDI’s overall operations and business sustainability, as well as strengthen the company’s working capital.
Erwin Ciputra, Chairman and CEO of Chandra Asri Group, stated: “In line with Chandra Asri Group’s vision of providing infrastructure solutions for the strategic development of sectors in Indonesia, we are delighted that Bank Mandiri has entrusted us with the line. bullet term credit. This line of credit reflects Bank Mandiri’s confidence in achieving exponential growth through optimization of infrastructure assets and future expansion focused on power generation and distribution, water processing, as well as tank management and piers.
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Bank Mandiri Senior Vice President of Corporate Banking, Helmy Afrisa Nugroho, stated that this collaboration represents Bank Mandiri’s commitment to promoting sustainable business growth. One way to do this is by emphasizing environmental, social and governance (ESG) aspects in your business activities, including the credit distribution process.
“The signing of this Term Loan Agreement is a form of Bank Mandiri’s commitment to CDI and Chandra Asri Group to strengthen the financial aspect in the management and development of CDI’s business in the future,” Helmy stated firmly.
Funds from this line of credit will be used to support CDI’s overall operations and business sustainability.
Chandra Asri Group, through CDI, a joint subsidiary in which EGCO has a 30% stake, is committed to generating stable and sustainable long-term profits through strong growth in the infrastructure business.
CDI’s core portfolio includes key assets supporting industrial growth, such as Indonesia’s largest and only integrated water company, and an environmentally friendly combined cycle power plant with a capacity of 200 MW through a partnership strategic with Posco International, a leading trading company in South Korea.
CDI also provides tank leasing and integrated jetty management services in prominent industrial areas on the island of Java.
Source: https://reporteasia.com/relaciones-diplomaticas/2024/04/05/para-impulsar-crecimiento-sector-infraestructuras-chandra-asri-group-recibe-prestamo-bank-mandiri/
