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PPRO Has Successfully Paid Off MTN Worth IDR 287 BILLION

Jakarta, 1 September 2020 – A property developer with the leading middle market segment in Indonesia, PT PP Properti Tbk (ticker code: PPRO) has paid off the payment of medium-term debt securities (MTN VI) in 2017 amounting to IDR287 billion which will mature on August 28, 2020.

A property developer with the leading middle market segment in Indonesia, PT PP Properti Tbk (ticker code: PPRO) has paid off the payment of medium-term debt securities (MTN VI) in 2017 amounting to IDR287 billion which will mature on August 28, 2020.

Mustarno added that in the midst of the Covid-19 pandemic, PPRO had prepared various strategies to keep performing well, including focusing on completing the process of building apartments that were ready to be handed over, including; Grand Sungkono Lagoon Tower Caspian and Grand Dharmahusada Lagoon in Surabaya, Begawan apartments in Malang, Amartha View and The-Alton in Semarang, Evenciio in Margonda Depok and The Ayoma Apartments in Serpong.

In addition to the accelerated handover strategy, PPRO also strengthened cooperation with banks for KPA interest of 1.75%, strengthened digital marketing through collaboration with Tokopedia, Mamikos and Travelio and carried out several strategies to increase liquidity including conducting regular bulk sales, land divestment, divestment of shares. Subsidiaries and mall divestments.

Meanwhile, PPRO has also taken steps to anticipate the possibility of a cash flow miss-match, namely PPRO is backed up by PTPP as the Parent Company by providing loans to PPRO in the form of shareholder loans, one of which was realized in July and August 2020, which will be backed up to strategies. the company has been realized.

“We continue to strive to apply the principle of prudence, but on the other hand, stakeholder trust is also an important key that we must prioritize, so our commitment to paying off MTN cannot be separated from our efforts to pay special attention to maintaining stakeholder trust, especially investors and consumers in PPRO. “, closed Mustarno.

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About PT PP Properti Tbk :

PT PP Properti Tbk (ticker code: PPRO) is a leading state-owned company of PT PP (Persero) Tbk (ticker code: PTPP). The company was founded in December 2013, but has had experience since 1991 and the Company has now become a listing company on the Indonesia Stock Exchange since May 2015. In 2017, the Company split the value of shares from Rp. 100 (one hundred rupiah) to Rp. 25 (twenty five rupiah). The Company has 3 (three) business segments, namely Residential, Commercial and Hospitality. Since 1991 until now, the Company has developed around 49 projects including 33 Residential, 10 Commercial and 6 Hospitality.

For further information, please contact:
Corporate Secretary
PT PP Properti Tbk.
Plaza PP Lantai 7
Jl. TB Simatupang No.57
Pasar Rebo, Jakarta 13760
Tel : 021 – 8779 2734
Fax : 021 – 8779 2947

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