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Manila, 09 January 2025 – The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has guaranteed the inaugural bond issuance of PT Indonesian Paradise Property Tbk (“INPP” or “Paradise Indonesia”) amounting to IDR 500 billion (~USD 30.82 million). Listed on the Indonesia Stock Exchange (IDX) today, the Bonds were successfully issued on 8 January 2025 in two tranches: (a) a 3-year tenor of IDR 12.5 billion (~USD 0.77 million) and (b) a 5-year tenor of IDR 487.5 billion (~USD 30.05 million).
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