BPD SI Collaboration, Bank DKI Disrupts Sindication Credit Worth IDR 1.5 Trillion For PT Oki Pulp & Paper Mills

Photo: Doc. Bank DKI

JAKARTA - Bank DKI was appointed as mandated leader arranger or syndicated leader bank, in collaboration with a number of Regional Development Banks throughout Indonesia (BPD-SI) in the context of lending syndicated loans worth IDR 1.5 trillion for PT Oki Pulp & Paper Mills.

Apart from being appointed as mandated leader arranger, Bank DKI also acts as Facility Agent, Security Agent, and Escrow Agent along with eight other BPDs namely Bank Jatim, Bank Sumut, Bank Papua, Bank Sulselbar, Bank Kalsel, Bank Kalteng, Bank NTT and Bank Lampung.

The signing of the Sindication Credit Agreement which was held in Jakarta, Wednesday, December 14, was signed by Herry Djufraini as Director of Commercial and Institutional Bank of DKI, and Arman Sutedja as Director of PT Oki Pulp & Paper Mills and representatives from BPD other syndicated participants.

In addition, the President Director of Bank DKI, Fidri Arnaldy, was also present to witness the signing. On the same occasion, the President Director of Bank DKI, Fidri Arnaldy, expressed his gratitude and appreciation to BPD SI who is a member of this syndicated credit collaboration.

"The BPD SI collaboration is expected to be a stimulus in the midst of ongoing economic improvements," said Fidri in a written statement.

Bank DKI's Commercial and Institutional Director, Herry Djufraini, explained in detail that Bank DKI distributed IDR 425 billion, Bank Jatim IDR 300 billion, Bank Sumut and Bank Papua IDR 200 billion each, Bank Sulselbar and Bank Kalsel IDR 100 billion, Bank Kalteng IDR 75 billion, and Bank NTT and Bank Lampung IDR 50 billion each.

"Our appreciation to PT Oki Pulp & Paper Mills for being able to innovate and continue to grow amid the challenges of the global economy and the strict level of industrial competition," said Herry.

Meanwhile, Director of PT Oki Pulp & Paper Mills, Arman Sutedja, expressed his appreciation for the support of creditors who have entrusted PT Oki Pulp and Paper Mills as a growing and growing business partner in running a long-term business.

"We hope that the collaboration between PT Oki Pulp and Paper and the Sinarmas Group together with all BPD will not only stop here, but can be established in a sustainable manner," explained Arman.