29
Jan
17:13
Indonesia's Krakatau Steel restructures debt
Indonesia’s Pt Krakatau Steel says that it has restructured its debts, saving the company hundreds of millions of dollars over the next 9 years.
In a note monitored by Kallanish, the steelmaker says that it has completed debt restructuring worth $2 billion and is the largest such restructuring ever in Indonesia. The restructuring agreement was completed by all creditors on 12 January 2020, Krakatau confirms.
The debt restructuring involves 10 national bank…
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