JAKARTA.The case of medium term notes (MTN) of PT Berkat Bumi Citra went to trial again on Monday (17/10). The subsidiary of PT Bumi Citra Permai Tbk (BCIP) offers refinancing and debt to asset swap schemes for settling default payment of the MTN. Lawyer of Berkat Bumi Rhaditya Purta Perdana said that his client offers installment loans with collateral, as well as the transfer of investments to a number of assets owned by Berkat Bumi’s partners. Rhaditya claimed that most of Berkat Bumi’s MTN holders agreed the proposed schemes. Raditya also claimed that Berkat Bumi operations remain normal, even though the financial institution is facing postponement of debt payment obligations (PKPU) filed by a MTN holder. “The office also runs as usual”, he said after a court session at Central Jakarta Commercial Court.
Berkat Bumi offers installment payment
JAKARTA.The case of medium term notes (MTN) of PT Berkat Bumi Citra went to trial again on Monday (17/10). The subsidiary of PT Bumi Citra Permai Tbk (BCIP) offers refinancing and debt to asset swap schemes for settling default payment of the MTN. Lawyer of Berkat Bumi Rhaditya Purta Perdana said that his client offers installment loans with collateral, as well as the transfer of investments to a number of assets owned by Berkat Bumi’s partners. Rhaditya claimed that most of Berkat Bumi’s MTN holders agreed the proposed schemes. Raditya also claimed that Berkat Bumi operations remain normal, even though the financial institution is facing postponement of debt payment obligations (PKPU) filed by a MTN holder. “The office also runs as usual”, he said after a court session at Central Jakarta Commercial Court.