JAKARTA. PT Wijaya Cahaya Timber Tbk (FWCT), a plywood industrial producer, has received financing facilities from Indonesia Eximbank in the form of export working capital credit.

Budi Tjahjadi, President Director of FWCT, said that the credit facility was provided with a ceiling of IDR 100 billion. The interest charged is 90% of the yield on government securities and will mature within 12 months.

"The interest rate applied up to the date of disclosure of this information is 5.31%," said Budi, in his official statement.

Budi added that this facility will reduce the burden of FWCT loan costs. The reason, said Budi, is that the interest charged by Indonesia Eximbank is relatively lower. (KR/LM)