Semen Gresik in talks with banks for $300m facility

Indonesian cement company Semen Gresik is speaking to banks about a new loan, understood to be around $300m, following up on its announcement this month that it will build two new plants in the country.

  • 21 May 2013

The exact size of the facility is not yet decided and will depend on how many export credit agencies decide to back the deal, according to a banker.

The Indonesian state-owned company first sent out a request for proposals to a group of lenders, and is meeting selected ...

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