State Banks Give US$2.5bn Hedging Facility to PLN

Three state banks Bank Mandiri, Bank Rakyat Indonesia (BRI) and Bank Negara Indonesia (BNI), have given US$950 million worth of hedging facilities to state oil company PT Pertamina (Persero).

Mandiri director for corporate banking Royke Tumilaar said the facility was extended to support Pertamina’s activities in meeting the national energy demand.

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Posted May 16, 2015 by repit in Uncategorized

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