PROJECT

Projects

Summary of Investment Information

Project Number

33018

Company Name

CIPUTRA RESIDENCE, PT

Date SPI Disclosed

Apr 1, 2014

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

Jul 15, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Tourism, Retail and Property

Previous Events

Approved : Jul 19, 2013
Signed : Jul 23, 2013

Sector

Construction and Real Estate

Project Description

PT Ciputra Residence (CR) is a 99.99% subsidiary of PT Ciputra Development Tbk in Indonesia. CR focuses on the construction of new neighborhoods with a focus on low-rise houses. In order to expand its business, CR is planning to issue bonds to fund parts of its future growth. The proceeds will be used to build low-rise homes and ancillary commercial facilities. The proposed project is to assist CR with credit enhancement for its upcoming bond issuance.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation