16 February 2012

Elnusa Succeed Kept Down Interest Rate for $6,7 Million

Jakarta, February 16th 2012: Publicity Oil and Gas Services provider PT Elnusa Tbk. is starting their success with saving $6.7 million for five years by suppress the interest rate on the early of 2012. This saving was caused by reducing interest rate from 6.7 percent to 4.9 percent per year. This result due to corporate action such refinancing with 9% Fixed Rate Notes (FRN). Fund of refinancing is obtained by BCA Syndicate with BCA, Indonesia EximBank, Chinatrust Bank, Mizuho Bank and Bank of China as syndicates.

The Company realized the unstable condition of European Economic and stock market is nearly impossible to avoid to all market communities. But, the Company has a faith to recover with good strategies.

So as industry prospect and development, Elnusa will focus on Oilfield services improvement to gain significant revenue, in line with operating expense efficiency and cost of financing balancing.

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