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The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for the guaranteed IDR499.9 billion bond (“Bond”) issued by PT Adhi Commuter Properti Tbk (“ADCP” or the “Company”) on 8 December 2023. The oversubscribed Bond marks CGIF’s first time support for an Indonesian property developer and continued support on the development of Indonesia’s bond markets.
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