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Overview

ICBC Indonesia contributes to $167 million syndicated loan to PT Bali Ragawisata for integrated resort complex in Bali

Commitment Year•2014Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•IndonesiaSector•Other Social Infrastructure And ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Sep 28, 2014

Geospatial footprint

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In 2014, ICBC Indonesia, a subsidiary of Industrial and Commercial Bank of China Limited (ICBC), took part in a US$167 million syndicated loan to PT. Bali Ragawisata (or PT Bali Ragawisata) to build an integrated resort complex on the island of Bali. The face value and borrowing terms of the loan are unknown. For more detailed location information: https://www.openstreetmap.org/relation/1615621

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

  • PT Bank ICBC Indonesia

Receiving agencies

Private Sector

  • PT Bali Ragawisata

Loan description

ICBC Indonesia contributes to $167 million syndicated loan to PT Bali Ragawisata for integrated resort complex in Bali

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2014, ICBC Indonesia, a subsidiary of Industrial and Commercial Bank of China Limited (ICBC), took part in a US$167 million syndicated loan to PT. Bali Ragawisata (or PT Bali Ragawisata) to build an integrated resort complex on the island of Bali. The face value and borrowing terms of the loan are unknown.