JAKARTA. The country’s largest poultry company PT Charoen Pokphand Indonesia (CPIN) signed a syndicated loans agreement, worth the equivalent of US$400 million, with 15 international and local financial institutions in Jakarta on Monday. The company, which is part of Thailand’s agro and food conglomerate Charoen Pokphand, said it would use the loans to secure the majority of funding needs for the company’s business expansion for the next few years as well as to support its working capital needs. Citibank Indonesia will act as the loan’s sole mandated lead arranger.
Charoen Pokphand gets loans worth $400m
JAKARTA. The country’s largest poultry company PT Charoen Pokphand Indonesia (CPIN) signed a syndicated loans agreement, worth the equivalent of US$400 million, with 15 international and local financial institutions in Jakarta on Monday. The company, which is part of Thailand’s agro and food conglomerate Charoen Pokphand, said it would use the loans to secure the majority of funding needs for the company’s business expansion for the next few years as well as to support its working capital needs. Citibank Indonesia will act as the loan’s sole mandated lead arranger.