JAKARTA. Two subsidiaries of PT Surya Semesta Internusa Tbk (SSIA), PT Suryacipta Swadaya (SCS) and PT Jasa Semesta Utama (JSU), have reportedly signed a senior term loan facility agreement with PT Bank Central Asia Tbk (BBCA) and PT Sarana Multi Infrastruktur (SMI).

The Jok Tung, Director of SSIA, mentioned that the credit facility received by SCS and JSU is limited to IDR 1.5 trillion. The agreed tenor is 120 months, starting from the agreement signing date on November 22, 2023.

“The purpose of this loan is to pay off loans owed to International Finance Corporation, as well as to fund the development of Subang Smartpolitan,” Tung mentioned in the official disclosure.

On the same occasion, Tung said that this facility will accelerate Subang Smartpolitan development as SSIA’s primary project.

According to IDNFinancials data, SCS is a subsidiary engaged in the development and management of industrial zones since 1995. Meanwhile, JSU operates in the real estate and property development business, although it has yet to operate commercially.

As of September 30, 2023, SSIA recorded cash and cash equivalent of IDR 680.86 billion, total assets of IDR 8 trillion, and total equity of IDR 4.24 trillion. (KR/ZH)