Bukalapak signs $141m loan facility with DBS Indonesia

Indonesia’s e-commerce firm PT Bukalapak.com Tbk signed an uncommitted revolving short term loan facility of up to Rp2 trillion ($141 million) with PT Bank DBS Indonesia as part of its strategy to diversify its source of funding, the company said in a filing to the Indonesia Stock Exchange late on Monday.

Bukalapak said the facility matures on November 2022 and will be automatically extended for three months with a notification to the company unless terminated earlier by the lender.

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