ICBC contributes $14 million to syndicated loan for PT Delta Dunia Textile (Linked to Project ID#70612)
Commitment amount
$ 15792511.73065769
Adjusted commitment amount
$ 15792511.73
Constant 2021 USD
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Indonesia
Sector
Business and other services (Code: 250)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
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 Project ID#70612) and ICBC contributed $14 million (captured in Project ID#66289). No additional financial or implementation details could be identified.
Number of official sources
2
Number of total sources
3
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Sumitomo Mitsui Banking Corporation [Private Sector]
PT Bank Danamon Indonesia Tbk [Private Sector]
Indonesia Eximbank [State-owned Bank]
Bank of China (BOC) [State-owned Commercial Bank]
Standard Chartered Bank PLC [Private Sector]
Direct receiving agencies [Type]
PT Delta Dunia Textile [State-owned Company]