Oil & gas firm PT Saka Energi Indonesia, unit of state owned gas operator PT Perusahaan Gas Negara Tbk (IDX: PGAS) has secured $600 million loan facility from BNP Paribas, The Hongkong and Shanghai Banking Corp. Ltd., Mizuho Bank Ltd., Sumitomo Mitsui Banking Corp., PT Bank Mizuho Indonesia, PT Bank Sumitomo Mitsui Indonesia and PT HSBC Securities Indonesia. The loan which has a tenor of five years term will be used for investment and debt refinancing for its holding company. PGAS owns 99 percent Saka Energi shares.
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