Sep 21, 2011

Global Land secures Rp150 bio loan

Property developer PT Global Land Development Tbk (KPIG) secured Rp150 billion from syndicated banks. Global Land entered into a loan agreement with Bank BJB as lead arranger on September 16 2011, said an official statement filed to Indonesia Stock Exchange.
The company will use the facility to finance construction of MNC Financial Center Building in Kebon Sirih, Jakarta. Global Land, was founded in 1990, has been listed at Indonesia Stock Exchange in 2000.

Disclosure: No position at the stock mentioned above.

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