Indonesian noodle maker Indofood has procured US$280m in loans from five banks to buy back bonds.

The bonds were issued in 2002 by a Mauritius-based unit, a company official is reported as saying by Dow Jones.

The lenders have been named as ABN Amro Bank, Citibank, Sumitomo Mitsui Banking Corp., Rabobank and PT Bank Mandiri, with the latter being the major lender.

The company plans to issue around IDR1.8 trillion of bonds in late June to help repay the bridging financial facility provide by the five banks.

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