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BTMU inks credit agreement for PAMA

18 February 2010

The Japan Bank for International Cooperation, with BTMU, have signed a buyer's credit agreement for Indonesia’s PT Pamapersada Nusantara.

Read more: [BTMU PAMA credit agreement ] [PT Pamapersada Nusantara Japan Bank for International Cooperation]

The Japan Bank for International Cooperation (JBIC) and BTMU have co-financed a buyer's credit agreement of approximately $50 million with PT Pamapersada Nusantara (PAMA), Indonesia's largest mining contractor.

The proceeds of this...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010