APP,
through PT. OKI Pulp & Paper Mills (OKI), today completes a US$1.8 billion
loan transaction with China Development Bank (CDB) for the development of what
will be Indonesia's largest pulp mill.
The
transaction, which was witnessed by Indonesian and Chinese Presidents, Susilo
Bambang Yudhoyono and Xi Jin Ping , is one of the largest ever single
transactions between the two countries. The total investment in the new mill,
located in South Sumatra, is $2.6 billion, most of which is funded through the
CDB loan, with the remaining $800 million funded by capital raised by the
shareholders.
