PT Media Nusantara Citra has secured a loan worth of $150 million with three-year tenure from a syndicate of banks, including Deutsche Bank and Standard Chartered, to build 10 studios in West Jakarta and an office building in Central Jakarta, said Finance Director Jarod Suwahjo.
The company, which is owned by media tycoon Hary Tanoesoedibjo, will need almost $200 million to finance the plan. (Bisnis Indonesia)
Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Jakarta Newsroom; Editing by Gopakumar Warrier)