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Garuda Owes More to the Bank for Operating Funds and Working Capital

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Garuda Owes More to the Bank for Operating Funds and Working Capital

PT Garuda Indonesia Tbk, is still depressed to finish maturing debt this year to around Rp 7.5 trillion. Even so, state-owned companies is to add to the short-term debt. The new debt was to fund the operations affected by the pandemic virus corona (Covid-19).

the Garuda to get the three loan facilities from PT Bank Rakyat Indonesia Tbk. First,  short-term loan facility (FPJP) worth US$ 50 million with the period 30 April-31 December 2020.

"this Facility has the status of the best clean basis, and subject to interest LIBOR 1M+2.85 percent per year," said Director of Finance and Risk Management Garuda Indonesia Fuad Rizal, in the information disclosure, Tuesday (5/5).

this Article has been published in Katadata.co.id with the title "Garuda Owes More to the Bank for Operating Funds and Working Capital" , https://katadata.co.id/berita/2020/05/06/garuda-berutang-lagi-ke-bank-untuk-dana-operasional-dan-modal-kerja
Author: Agung Jatmiko
Editor: Agung Jatmiko

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