JAKARTA, May 6 (The Jakarta Post/ANN): National flag carrier Garuda Indonesia has received three loan facilities from state-owned Bank Rakyat Indonesia (BRI) with a total value of US$382 million to fund the airline’s working capital
The publicly-listed airline received a $50 million short-term loan from the bank with an interest rate based on the one month London Interbank Offered Rate (LIBOR) plus 2.85 percent per annum, the company said in a statement posted on the Indonesia Stock Exchange (IDX) website on Tuesday.
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