Jul 6, 2011

CTRP may secure Rp1.7 trio loan

PT Ciputra Property Tbk (CTRP), that is controlled by Indonesian businessman Ciputra, may secure Rp1.7 trillion loan facility in the second half of this year. The financing will be utilized by the developer to bankroll Ciputra World I project in Kuningan, Jakarta.
Director Artadinata Djangkar said the company is now in the last talks with a local bank. However, he declined to name the bank.
"We are in talks with a publicly listed local bank. It is possibility that the bank will set a consortium with other lenders," he said yesterday.

Disclosure: No position at the stock mentioned above.

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