INDONESIA PRESS-XL Axiata gets $300 mln loans from DBS - Investor Daily

Wed Jan 8, 2014 8:13pm EST

Telecom operator PT XL Axiata has secured loans from Singapore's DBS Bank Ltd totalling $300 million with three-year tenures to refinance debt and finance capital expenditure, said corporate secretary Murni Nurdini.

The firm reported total debt of 29.36 trillion rupiah ($2.40 billion) as of September 2013, the Investor Daily reports.

* Note: Reuters has not verified this story and does not vouch for its accuracy.

($1 = 12,235 rupiah) (Compiled by Rin Hindryati; Editing by Supriya Kurane)

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