JAKARTA. PT United Tractros Tbk (UNTR), a subsidiary of Astra International which runs the business of heavy equipment and mining, has provided an additional loan limit of IDR 225 billion for one of its subsidiaries, namely PT Bina Pertiwi (BP).

Sara K. Loebis, Corporate Secretary of UNTR, said that the addition of the limit made the total loan facility extended to BP to IDR 325 billion. Previously, in the agreement signed on April 4 2018, BP only received a loan limit of IDR 100 billion.

In addition, UNTR charges BP's loan interest rate at JIBOR + 1.25% per annum. For the record, the interest rate given by the company to BP on the previous loan was only JIBOR + 0.5% per year.

The availability of new loans is from 26 April 2023 to 26 April 2026. Meanwhile, the availability of old loan funds is only available until 26 April 2023. (KR/LM)