PT PP Properti Tbk (PPRO) is preparing to pay off maturing bonds, namely Bond I 2016 series B, which matures on July 1, 2021, worth Rp400 billion.

"The funds provided are Rp400 billion, in accordance with the principal amount of the securities," said PPRO Finance Director Deni Budiman in the IDX information disclosure on Friday (11/6).

He emphasized that fulfilling financial obligations on time and in the right amount is the commitment of PPRO management.

Previously, PPRO obtained a loan from its parent company, PT PP (Persero) Tbk, worth Rp4 trillion on March 25, 2021. This loan has a tenor of 3 years, with a coupon of 9.5% per year.

The use of the loan facility is to fulfill part of the obligations due in 2021-2022, including bank principal, SKBDN, bonds, and MTN.