Jakarta - The business entity of PT Astra International Tbk (ASII), PT Astra Tol Nusantara (ATN), provided a credit facility to PT Trans Marga Central Java (TMJ) amounting to Rp1,560 trillion on August 31, 2021.

"The loan maturity is up to 1 month after the TMJ syndicated loan agreement is paid off or until December 30, 2021, or whichever occurs first," said ASII Corporate Secretary Gita Tiffani Boer through the IDX information disclosure on Friday (3/9).

According to her, this syndicated loan bears an interest rate of 7.90%. The purpose of providing syndicated loans is for general corporate purposes.

"For ATN, carrying out transactions with affiliated parties will provide financial benefits, while for TMJ there will be administrative efficiency compared to bank loans," she said.

ATN is ASII's controlled company, with more than 99% of its shares owned directly by ASII.

Meanwhile, TMJ is an affiliated party wit