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Overview

ICBC contributes $14 million to syndicated loan for PT Delta Dunia Textile (Linked to Record ID#70612)

Commitments (Constant USD, 2023)$14,475,598
Commitment Year•2013Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 1, 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

  • Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Private Sector

  • PT Bank Danamon Indonesia Tbk
  • Standard Chartered Bank PLC
  • Sumitomo Mitsui Banking Corporation (SMBC)

State-owned Banks

  • Indonesia Eximbank

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

State-owned companies

  • PT Delta Dunia Textile

Loan description

ICBC and BOC contributions to USD150 million syndicated loan for PT Delta Dunia Textile

Interest type•Unknown

Narrative

Full Description

Project narrative

In December 2013, PT Delta Dunia Textile secured a $150 million syndicated loan from seven banks, including Sumitomo Mitsui Banking Corp, Standard Chartered, Bank Danoman, Indonesia Eximbank, Bank of China and ICBC. Bank of China contributed $14 million (captured in Record ID#70612) and ICBC contributed $14 million (captured in Record ID#66289). No additional financial or implementation details could be identified.