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Ciputra Residence Secures Rp 350 Billion Loan

Bareksa•02 Juli 2014
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Ciputra Residence Secures Rp 350 Billion Loan
Screen grab from Ciputra's website (The Jakarta Globe)

Ciputra plans to use the funds to expand on its residential projects.

Bareksa.com - Ciputra Residence, the subsidiary of listed property giant Ciputra Development, has secured a Rp 350 billion ($29.4 million) loan from Bank Mandiri to finance new projects across the country.

The loan will be due in one year and is revolving in nature, according to a press statement obtained by the Jakarta Globe on Tuesday.

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Ciputra Residence Secures Rp 350 Billion Loan

Ciputra Residence Secures Rp 350 Billion Loan

Ciputra plans to use the funds to expand on its residential projects.

Bareksa