Indonesia's Bukit Asam lands $334M in credit from BRI, Mandiri

What's the deal? State coal miner PT Bukit Asam TbkDealroom has a profile for this one. Try Dealroom → (IDX: PTBA) has secured combined working capital credit facilities worth US$390.8M from Bank Rakyat IndonesiaDealroom has a profile for this one. Try Dealroom → and Bank MandiriDealroom has a profile for this one. Try Dealroom →. The post-IPO debt financing was announced in September 2026.

What's the endgame? The facilities are earmarked for working capital, supporting the company's day-to-day operations as one of Indonesia's largest coal producers.

The investors: Two of Indonesia's biggest state-owned banks, BRI and Mandiri, are providing the credit lines.

The signal: At roughly $334 million, the raise sits firmly in the upper tier of financing deals, underscoring how established state-backed producers can still tap sizeable bank credit. For Bukit Asam, the backing from two national lenders signals continued confidence in its balance sheet and cash-flow needs.

Read more: petromindo.com

Image credit: theotrieste