Semen Indonesia secures loan

State-owned cement producer PT Semen Indonesia (Persero) Tbk has secured a US$100m loan from PT Bank Mandiri Persero Tbk and Standard Chartered Bank with a 5-8 year tenure to refinance its outstanding debt, said CEO Dwi Soetjipto in Bisnis Indonesia.

The firm also seeks loan totalling US$150m to partly fund its US$200me expansion in Myanmar.