Jakarta (26\/08) \u2013 Property developer PT Intiland Development Tbk (Intiland; DILD) has completed the repayment of its Sustainable Sukuk Ijarah I Intiland Development Phase II Year 2022 (Sukuk Ijarah) amounting to Rp 250 billion. This repayment reflects the Company\u2019s commitment to maintaining investor trust as well as its efforts to strengthen financial structure.<\/p>\n
President Director of Intiland Archied Noto Pradono revealed that the repayment of Sukuk Ijarah was settled as scheduled at maturity date on August 25th<\/sup> 2025. The funds to repays Sukuk Ijarah came from internal sources.<\/p>\n \u201cWe always maintain the trust of investors and Sukuk Ijarah holders in Intiland. This step once again reaffirms our commitment to delivering added value to investors and fulfilling our payment obligations to Sukuk Ijarah holders on time,\u201d Archied said in a written statement, Tuesday (26\/08).<\/p>\n The issuance of the Sustainable Sukuk Ijarah I Intiland Development Phase II Year 2022 was one of the alternative financing sources pursued by the Company. This repayment marks another successful milestone following the Company\u2019s repayment in December 2024 of the Sustainable Sukuk Ijarah I Intiland Development Phase III Year 2022 Series A, worth Rp 125 billion.<\/p>\n Besides these two Sukuk Ijarah instruments which already settled, the Company currently still has the Sustainable Sukuk Ijarah I Intiland Development Phase III Year 2022 Series B worth Rp 125 billion which will mature on December 2nd<\/sup> 2025. Upon repayment of this Sukuk Ijarah Series B, the Company\u2019s outstanding debt position will decrease to approximately Rp 4 trillion.<\/p>\n According to Archied, the repayment of Sukuk Ijarah become part of the Company\u2019s key strategy to reduce its debt level. This also represents the Company\u2019s concrete effort in implementing prudence and maintaining healthy financial governance.<\/p>\n The Company is committed to consistently prioritizing good, transparent, and accountable financial governance practices. With a healthy financial foundation, the Company remains optimistic to achieving sustainable growth and delivering added value for all stakeholders. The Company is targeting its debt to decline further to Rp 3,5 trillion by the end of 2025.<\/p>\n The Company recognizes that the outlook for the property industry remains quite challenging. Intiland tends to adopt a conservative and prudent approach in developing new projects, while still identifying opportunities to improve business performance.<\/p>\n From a financial fundamentals perspective, the Company has recorded positive results by implementing the deleveraging strategy over the past three years. This strategy has been a top priority to reduce debt and interest expenses, increase efficiency, and create room for healthier and more sustainable growth.<\/p>\n Archied emphasized that the decline in debt and interest expenses reflects the Company\u2019s success in maintaining financial stability. Financing efficiency was achieved through repayment, reduction, and refinancing of high-interest loans, as well as divestment of non-core assets. ***<\/p>\n","protected":false},"excerpt":{"rendered":" Jakarta (26\/08) \u2013 Property developer PT Intiland Development Tbk (Intiland; DILD) has completed the repayment of its Sustainable Sukuk Ijarah<\/p>\n","protected":false},"author":11,"featured_media":36314,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"inline_featured_image":false,"footnotes":""},"categories":[57,58],"tags":[],"class_list":["post-37730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","category-press-release-en"],"_links":{"self":[{"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/posts\/37730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/comments?post=37730"}],"version-history":[{"count":2,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/posts\/37730\/revisions"}],"predecessor-version":[{"id":37749,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/posts\/37730\/revisions\/37749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/media\/36314"}],"wp:attachment":[{"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/media?parent=37730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/categories?post=37730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/tags?post=37730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}