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VIVA – PT Indonesia Asahan Alumunium or Inalum confirmed that foreign bank loans are more than necessary to control 51% of PT Freeport Indonesia's shares. Known, to control 51 percent of Freeport's shares, Inalum must spend US $ 3.85 billion or the equivalent of Rs.5,500 billion.
Inalum chairman, Budi Gunadi Sadikin, said the foreign commitment is more than that number. Nevertheless, Budi still hesitates to disclose which bank will grant the loan.
"We received a letter of offer so there is already a signed letter on the loan we need," said Budi after a meeting at Commission VII of the House representatives, Jakarta, Monday evening July 23, 2018.
He also straightened the news circulating that Bank BUMN withdraw from the sale of shares of Uncle Sam. " We are required to give priority to non-domestic lending in order not to weigh on the balance of payments and not to force the exchange rate. " (19659007) Now our exchange rate is again removed, "he said.
He explained that if the loan is forced from domestic sources, it will drain the currencies and will continue to push the rupee to a lower value "That's why we understand that we have finally taken it from abroad and that's enough," he said.
Regarding the scheme, he continued to borrow With regard to earned interest, he stated that foreign banks provided a competitive interest
"Loans are bank loans and so far we have not still no guarantee, we are very competitive and we are interested. "
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