State steel producer Krakatau Steel (KRAS) plans to finalize the debt restructuring of US$2.2 billion in early 2020. The Company has to negotiate with four banks before accomplish the restructuring. KRAS CEO Silmy Karim said the Company still has debt with four banks; Bank CIMB Niaga (BNGA), Standard Chartered Indonesia, OCBC NISP (NISP), and PT Bank DBS Indonesia, which reached 22% of the total debt.
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