Jakarta - PT Krakatau Steel Tbk plans to pay debts of US$200 million or around Rp2.9 trillion by the end of this year.

"We are optimistic to achieve even better performance in the future. Furthermore, by the end of 2021, we plan to pay a debt of US$200 million or around Rp2.9 trillion," said KS President Director Silmy Karim through a press release on Thursday (28/10).

He continued, KS has paid the bank debt of Rp444.7 billion after the restructuring. This bank loan consists of Tranche A debt as a result of the debt restructuring agreement with KS amounting to Rp258 billion and debt installments to Commerzbank of Rp186.7 billion.

"Krakatau Steel since 2020 has paid principal installments of Rp444.7 billion consisting of Rp108 billion in 2020 and Rp336.7 billion in 2021. Payment of this debt is Krakatau Steel's commitment to creditors to fulfill obligations as well as proof that the process Krakatau Steel's transformation was succe