Summary: Indonesia’s flag carrier Garuda Indonesia plans to go public in 2003 after completing debt restructuring, sexy swimwear bikinis its president said. Abdul Gani told Indonesia’s official Antara news agency Garuda hopes to secure the agreement from i… Tags: its garuda banks said bikinis swimwear from debts cheap bikinis Indonesia’s flag carrier Garuda Indonesia plans to go public in 2003 after completing debt restructuring, its president said.
Abdul Gani told Indonesia’s official Antara news agency Garuda hopes to secure the agreement from its creditors to restructure its debts of US$1.2 billion next month.
Garuda’s spokesman Emirsyah said the company’s creditors had agreed to roll over the repayment of its debts from 12 years to 16 years with guarantee from the government as the shareholders. He said 50% of Garuda’s debts are to commercial banks and creditors in Europe, 34% to international banks, 15% to Indonesian state banks and 1% to other Indonesian banks.
Gani said Garuda would seek to form strategic alliance with investors either after or before its plan to go public.
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