Ciputra Residence Secures Rp 350 Billion Loan
Bareksa • 02 Jul 2014
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.