JAKARTA. PT Wijaya Karya (Persero) Tbk (WIKA) has provided arrangement on a credit facility of IDR 1.5 trillion provided to its subsidiary, PT Wijaya Karya Realty (Wika Realty).

This credit facility was provided by WIKA to Wika Realty on December 10, 2021. For this loan facility, Wika Realty bears an interest rate of 10.5% per year.

The leniency provided by WIKA is in the form of a loan extension for 1 year. In addition, interest rates on loans were also lowered to 8.61% per year.

"The implementation of this transaction can help the company's subsidiary, namely Wika Realty, fulfill its obligations in supporting the smooth running of its business activities," WIKA's management wrote in an official statement.

According to idnfinancials.com data, recently Wika Realty has also obtained a loan facility from WIKA with a total amount of IDR 6.42 trillion. This consists of a cash loan facility of IDR 4.82 trillion and a shareholder loan of IDR 1.6 trillion.

As of 31 December 2022, WIKA had cash and cash equivalents of IDR 5.7 trillion. The company's total assets were recorded at IDR 75.07 trillion, while its total equity was recorded at IDR 17.5 trillion. (KR/LM)