Excelcomindo Pay Debt Faster

Excelcomindo Pratama (EP) paid its US$50 million debt to Royal Bank of Scotland (RBS) faster than its due date of July 2009, using internal cash flow and loan from Export-kreditnamnden (EKN). ”We had paid our debt to ABN AMRO (now under the management of RBS) by using our internal cash and loan from EKN," stated Excelcomindo President Director Hasnul Suhaimi yesterday.By the payment, the company had projected that the total of debt interest this year numbered around 1,5 trillion rupiah, despite of no new loan except for refinancing. / Bisnis Indonesia, pg F3