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Troubled Indonesian Builder Restructures $1 Billion Bank Loans
Source: Bloomberg
M&A & RestructuringBanking & LiquidityCompany Fundamentals
Indonesian state-linked builder PT PP will restructure 18.2 trillion rupiah ($1 billion) in bank loans, underscoring significant balance-sheet stress. The move adds to Danantara sovereign wealth fund's burden in rehabilitating troubled state-owned enterprises and could heighten concerns over Indonesian SOE credit quality and bank exposure.
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