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News Semen Baturaja takes US$59.9m sustainability-linked loans

Semen Baturaja takes US$59.9m sustainability-linked loans

Written by Global Cement staff 30 March 2023
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Indonesia: Semen Indonesia subsidiary Semen Baturaja has obtained four loans worth a total US$59.9m. Bank Negara Indonesia, Bank Mandiri, Bank CIMB Niaga and HSBC Indonesia advanced the funds. The loans' syndicated credit agreement aligns with Semen Baturaja's sustainability strategy, which is based on Semen Indonesia's Sustainability Framework.

Semen Baturaja's managing director Daconi Khotob said "This syndicated sustainability-linked loan will provide many benefits for Semen Baturaja, including lower interest rates than conventional loans, more attractive term sheets and the flexibility to make accelerated repayments." Khotob added that the sustainability provisions will also 'broaden the scope of investors.'

Last modified on 05 April 2023
Published in Global Cement News
Tagged under
  • Indonesia
  • Semen Indonesia
  • Semen Baturaja
  • HSBC
  • Bank CIMB Niaga
  • Bank Mandiri
  • Bank Negara Indonesia
  • Sustainability
  • syndicated sustainabilitylinked loan
  • Loan
  • bank
  • investor
  • GCW602
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