PT Ciputra Development Tbk (CTRA) issued an additional MTN (MTN 2021 phase 003) of SGD25 million with an interest rate of 6% and mature in 2026.

This additional MTN will be consolidated with MTN 2021 phases 001 and 002. With the additional MTN's issuance, the total MTN in 2021 that the company has issued will reach SGD150 million.

"This transaction is expected to support the company's or its subsidiaries' business activities in the long term, both in terms of operational activities, financial conditions and business continuity, as well as having a positive impact on the company's financial condition," said CTRA Director, Tulus Sentosa in the IDX disclosure, Tuesday. (/ 3).

He added the remaining outstanding value of MTN 2017, which the company will repurchase on March 19, 2021, and the total value of MTN 2021 is less than 20% of the company's equity-based on the financial statements ended September 30.