RISE to use IDR 100 billion loan for land acquisition
JAKARTA - PT Jaya Sukses Makmur Sentosa Tbk (RISE) will use a revolving credit facility worth IDR 100 billion to purchase land in Kayoon Surabaya and build the Kyo Society apartment project, Surabaya. This was conveyed by Herliani Prayogo, Finance Director of PT Jaya Sukses Makmur Sentosa Tbk (RISE) in an information disclosure quoted on Wednesday (28/4).
RISE and PT Bank Central Asia Tbk (BBCA) signed the loan facility last week (15/4) with an interest rate of 0.61% above the current account interest rate and the disbursement will be in stages until October 2021. Referring to the schedule, the first phase loan disbursement has taken place on (16/4) amounting to IDR 30 billion and in phase two will take place this weekend (30/4) as much as IDR 20 billion. In the next stage, IDR 10 billion will be disbursed every month until October 2021.
In its Financial Statements as of December 31, 2020, RISE recorded an additional local credit loan facility of IDR 80.55 billion from BCA which has been extended until July 17, 2021. The loan interest rate is 0.64% above the current account interest rate. (LK/LM)