PT PP Properti Tbk (PPRO) has made early payment of PP Properti's phase I 2018 sustainable bonds payable for Rp523 billion, which matures on July 6, 2021.

PPRO Finance Director Deni Budiman said the company had allocated funds to make payments on the principal and interest on bonds maturing in July 2021.

"The funds have been paid to the Indonesian Central Securities Depository in the amount of Rp. 400 billion on June 29, 2021, and Rp. 523 billion on June 30, 2021. Thus, the total is Rp. 923 billion," in his statement on Monday (5/7).

According to Deni, in the pandemic era, the company must be adaptive to develop products in line with the work from home policy recommended by the government, which has become a current business trend.

Along with the relatively high market demand for landed houses, the company has launched landed house products in the Cibubur area, Depok. This is expected to support the company's financial perfor