PT Ciputra Development TBK Announces Intention to Redeem All of the Outstanding SGD 150,000,000 4.85% Notes
March 04, 2021 at 11:07 pm EST
Share
PT Ciputra Development Tbk announced its intention to redeem all (and not some only) of the outstanding SGD 150,000,000 4.85% notes issued pursuant to the S$400,000,000 Multicurrency Medium Term Note Programme. Notes due 2021 comprised in Series 002 pursuant to Condition 6(k) of the Notes on March 19, 2021. The outstanding Notes will be redeemed at 100% of their principal amount, together with interest accrued up to (but excluding) the Redemption Date. On the Redemption Date, the Issuer shall be bound to redeem the Notes. The Issuer shall make or cause to be made payment of the redemption moneys in respect of the Notes to The Central Depository (Pte) Limited for the account of the Noteholders. The Notes will be subsequently cancelled after the completion of the redemption.
PT Ciputra Development Tbk is an Indonesia-based holding company. The Company is engaged in the activities of real estate that is owned or leased, recreational area, industrial area, real estate on a fee or contract basis, headquarters, other management consultancy activity, leasing without the option of non-financial assets, golf course and sports center and bodybuilding. The Companyâs segments include Real Estate, Rental and Others. The Residential business encompasses the development of housing and other properties for sale, including land provision, integrated regional development equipped with public infrastructure and facilities, sales and management of residential areas (landed houses) and the sale of apartments and strata titled office spaces (high rise). The Commercial Property business encompasses the development and management of shopping centers, hotels, apartments and office spaces for rent, as well as golf courses and hospitals.
PT CIPUTRA DEVELOPMENT TBK 
