Troubled Indonesian Builder Restructures $1 Billion Bank Loans

🌐 Bloomberg (ID) —

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Indonesian construction firm PT PP is set to restructure 18.2 trillion rupiah ($1 billion) in bank loans, highlighting financial difficulties that add to pressures on the sovereign wealth fund Danantara to resolve troubled state-owned enterprises.

Indonesian builder PT PP will restructure 18.2 trillion rupiah ($1 billion) of bank loans, adding to sovereign wealth fund Danantara’s mounting burden of cleaning up troubled state-owned companies.

Markets Deals Indonesia PT PP loan restructuring sovereign wealth fund Danantara state-owned companies

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