By Ranuh Rafiani Putri
IDX-listed gold and copper miner PT Merdeka Copper Gold Tbk (IDX:MDKA) said the company has agreed to provide a loan in the amount of US$175 million to its subsidiary PT Pani Bersama Jaya (PBJ).
The loan will be used by PBJ to finance its working capital, capital expenditure and other corporate operational needs.
Read also : Merdeka Copper Gold provides fresh loan to subsidiary firm MBMA
The loan interest is set based on Term SOFR 3 months plus a margin of 5.76 percent per year with a tenor of five years.
Merdeka Copper owns 70.05 percent shares of Pani Bersama Jaya.
Editing by Roffie Kurniawan
