Project ID: 66266

ICBC participates in syndicated loan to PT Para Bandung Propertindo

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Indonesia

Sector

Other social infrastructure and services (Code: 160)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-01-01

Geography

Description

In 2017, ICBC Indonesia participated in a syndicated loan with CT Corp — a leading private conglomerate in Indonesia owned by Chairul Tanjung (CT) — to finance PT Para Bandung Propertindo, owner of Trans Luxury Hotel & Trans Studio Bandung. ICBC's contribution to the loan is unclear.

Additional details

1. The 2017 ICBC Indonesia Annual Report states that two syndicated loans were issued worth USD 50 million and IDR 675 billion, respectively. It is unclear if ICBC Indonesia contributed to both of these loans. It is also unclear if both loans were intended for PT Para Bandung Propertindo.

Number of official sources

1

Number of total sources

2

Download the dataset

Details

Cofinanced

Yes

Cofinancing agencies [Type]

CT Corp [Private Sector]

Direct receiving agencies [Type]

PT Para Bandung Propertindo [State-owned Company]

Implementing agencies [Type]

PT Para Bandung Propertindo [State-owned Company]

Loan Details

Syndicated loan