China Construction Bank participates in Tranche A of IDR 29 trillion debt restructuring facility for PT Waskita Karya (Persero) Tbk

Project narrative

On August 25, 2021, PT Waskita Karya (Persero) Tbk signed a Master Restructuring Agreement with PT Bank Mandiri (Persero) Tbk; PT Bank Rakyat Indonesia (Persero) Tbk; PT Bank Negara Indonesia (Persero) Tbk; PT Bank DKI; PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk; PT Bank Syariah Indonesia Tbk and PT Bank BTPN Tbk to restructure the Company's obligations. The Bank's parties agreed to restructure the Company's payment liabilities in relation to the financing facilities provided by the banks with total amount of Rp 29,252,309,664,899. The restructuring of the Company's liabilities was divided into two tranches: Tranche A: credit facility amounting to Rp13,422,237,848,046, with a fixed rate of 5.5% and a fixed rate of 8% for the Tranche Revolving A facility; Tranche B: credit facility amounting to Rp13,616,139,687,859, with a fixed rate of 5.5%. On September 15, 2021, an accession agreement went into effect thereby including the following banks in the Master Restructuring Agreement: PT Bank BNP Paribas Indonesia; PT Bank BTPN Tbk; PT Bank China Construction Bank Indonesia Tbk; PT Bank CTBC Indonesia; PT Bank KEB Hana Indonesia; PT Maybank Indonesia Tbk; PT Bank OCBC NISP Tbk; Bank of China Ltd; PT Bank Pan Indonesia Tbk; PT Bank Permata Indonesia Tbk; PT Bank QNB Indonesia Tbk; PT Bank Resona Perdania; PT Bank SBI Indonesia; PT Bank Shinhan Indonesia and PT Bank UOB Indonesia. The maturity date of the loan payment is on December 31, 2026. The collateral for each of these credit facilities is still subject to the collateral documents that have been made and signed or to be made and signed by the Parties.