JAKARTA (Yosefardi0 – PT Adhi Persada Properti, subsidiary of state construction firm PT Adhi Karya Tbk (ADHI), has in June 18, 2015 issued medium term notes (MTN) worth Rp100 billion, carrying annual coupon of 12%.
The loan with tenor of 31 months will be used to fund 2 projects, Grand Dhika City in Jatiwarna (Bekasi) and Taman Melati Sardjito in Yogyakarta.
ADHI has booked new contracts of Rp4.6 trillion until May 2015, representing 25% of this year target (Rp18.7 trillion).
The contracts include toll construction project (Bawen-Solo section), road construction project (Bima Palima–Pakupatan Serang), and hospital building construction (RSUD Al Ikhsan Bandung).