Jakarta, CNBC Indonesia – E-commerce issuer, PT Bukalapak.com Tbk (BUKA) received a financing facility from PT Bank DBS Indonesia worth Rp 2 trillion.
The company has signed a banking facility agreement with PT Bank DBS Indonesia on November 12, 2021 in the form of an uncommitted revolving short term loan facility with a maximum principal amount of up to Rp 2 trillion.
Meanwhile, the term of the facility is for one year which will mature on November 12, 2022 and will be automatically extended for a period of three months.
The applicable interest rate is 4.5% per annum or other interest rate agreed by the parties prior to withdrawal, with a maximum term of 3 months and must be paid at the end of the month.
Bukalapak’s Corporate Secretary, Perdana A. Saputro, said that the acquisition of this banking facility is part of the company’s strategy to diversify funding sources other than using equity obtained by the company through an initial public offering.
“The company’s background in obtaining this banking facility is to use it as a bridging facility for the company’s business development activities,” said Perdana, in an information disclosure on the Indonesia Stock Exchange (IDX), quoted Tuesday (16/11/2021).
The impact of the loan facility will cause an increase in the company’s total liabilities.
“However, the signing of this loan agreement does not have a material negative impact on the company’s financial capacity,” he said.
(hps / hps)
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