Bank Mandiri Says Jhonlin Baratama Draws Rp 17 Trillion of Rp 40 Trillion Credit Facility

Bitget2026/10/26 11:14

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Bank Mandiri's October 26, 2026, response disclosed Rp 17 trillion drawn from a Rp 40 trillion credit facility for Jhonlin Baratama.
The facility finances capital expenditure and business funding needs in Jhonlin Group's coal operations and supporting businesses.
Repayment relies solely on coal-business operations and dividends; the bank assessed the borrower's capacity as sufficient to meet all obligations.
Collateral coverage remained at 150% using JARR and PGUN shares' lowest intraday prices over the past month.
The credit agreement requires additional collateral or loan reductions if collateral coverage requirements are not met.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Bank Mandiri (Persero) Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32169195) on October 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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