Overview

Bank of China contributes 30 million USD to a syndicated loan for Export-Import Bank of Indonesia

Commitments (Constant USD, 2023)$38,584,154

Commitment Year•2010Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jun 18, 2010

Last repayment (originally scheduled): Jun 17, 2013

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Cofinancing agencies

Private Sector

Citibank, N.A.
ING Bank A.Ş
Intesa Sanpaolo S.P.A. (formerly Cariplo/Banca Intesa/BCI)
Mizuho Bank, Ltd.
Standard Chartered Bank PLC
The Bank of Tokyo-Mitsubishi, Ltd. (BTM)

Receiving agencies

State-owned Banks

Indonesia Eximbank

Loan description

BoC contributions to 265 million USD dual-tranche fundraising syndicated loan for Eximbank Indonesia refinancing and export finance.

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

On June 18 2010, a $265 million dual-tranche fundraising for the Export-Import Bank of Indonesia was signed as a club deal. The bullet term loan consisted of a $140 million two-year tranche and a $125 million three-year portion. Final allocations saw Bank of Tokyo-Mitsubishi UFJ take $75 million, while Standard Chartered Bank lent $55 million. ING Bank gave $35 million and Bank of China and Intesa Sanpaolo (Singapore) contributed $30 million each. Bank Mizuho Indonesia and Citibank (Jakarta) rounded out the group with $20 million apiece. Proceeds are to partially refinance a $210 million deal sealed in 2009 and to finance the borrower's export finance activities.