Property developer PT Pakuwon Jati Tbk (PWON) has secured a club deal loan facility of Rp935.63 billion from three banks.
Pakuwon Jati has secured Rp350 billion loan from PT Bank Central Asia Tbk (BBCA), Rp305.63 billion loan from PT Bank CIMB Niaga Tbk (BNGA), and Rp280 billion from PT Bank ICBC Indonesia.
According to Pakuwon Jati, the developer will use the facilities to support capital expenditure, working capital, and other purposes.
Disclosure: No position at the stock mentioned above.
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