JAKARTA - PT Perintis Triniti Properti Tbk (TRIN) has obtained a IDR 25 billion working capital credit facility from PT Bank Mandiri (Persero) Tbk (BMRI).

Ishak Chandra, President Director of TRIN, said the credit agreement was signed on January 24, 2025. ‘The total value of the credit facility is IDR 25 billion in the form of working capital,’ said Chandra, in an information disclosure on the Indonesia Stock Exchange (IDX), quoted on Monday (27/1) today.

For the record, the credit facility was provided with a tenor of 23 months. The interest rate given to TRIN is 10% per year.

‘The purpose of the credit facility is to support the operational and construction costs of one of the ongoing projects, Sequoia Hills located in Sentul, Bogor,’ said Mr Chandra. (KR/LM)