Overview

ICBC Indonesia contributes to IDR 8.8 trillion syndicated loan for refinancing of the Cikampek-Palimanan Toll Road (Linked to Record ID#61401)

Commitments (Constant USD, 2023)$25,874,304

Commitment Year•2018Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•IndonesiaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 17, 2018

Last repayment (originally scheduled): Sep 13, 2033

Stakeholders

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

Funding agencies

State-owned Commercial Banks

PT Bank ICBC Indonesia

Cofinancing agencies

Private Sector

Indonesia Infrastructure Finance
PT Bank Central Asia Tbk (BCA)
PT Bank Pan Indonesia, Tbk (PaninBank) (Bank Panin)

State-owned Banks

PT Bank DKI
PT Bank Mandiri (Persero) Tbk
PT Bank Pembangunan Daerah Jawa Barat Syariah (Bank BJB)

State-owned companies

PT Sarana Multi Infrastruktur (Persero) (PT SMI)

Receiving agencies

Joint Venture/Special Purpose Vehicles

PT Lintas Marga Sedaya

Loan description

ICBC contributions to IDR 366 billion syndicated loan for Cikopo-Palimanan Toll Road Project

Interest type•UnknownMaturity•15 years

Narrative

Full Description

Project narrative

On September 17, 2018, ICBC Indonesia contributed IDR 366 billion to the IDR 8.8 trillion syndicated loan for refinancing of the Cikampek-Palimanan Toll Road. This loan will refinance the loan facility provided in 2012 for the construction of the Cikampek-Palimanan Toll Road. The loan carries a 15 year maturity. All other loan terms are unknown. PT Bank Central Asia Tbk (BCA) acted as Mandated Lead Arranger and Bookrunner, facility agent, and collateral agent. Sarana Multi Infrastruktur and Bank Mandiri were lead arrangers, Bank Panin and Indonesia Infrastructure Finance were arrangers, and Bank BJB, Bank DKI and Bank ICBC Indonesia were participants.