China Construction Bank contributes $690,000 to syndicated loan with PT Solusi Tunas Pratama for unspecified purposes (Linked to Record ID#66455, 71241, 89257, 89258, 89259, 89260, 89261)

Project narrative

On February 27, 2018, PT Solusi Tunas Pratama (STP) signed new 5-year loan facilities comprising USD 297 million term loan, IDR 3050 billion term loan, and IDR 800 billion revolving credit facilities to refinance its existing bank loans and bonds. ("STP Press Release") This project is of a total contribution of $20.43 million from China Construction Bank. According to IJ Global, there were 3 term loans and 1 revolver signed in total, and all the tranches include financing from the Bank of China and China Construction Bank. In the $297 million term loan tranche, Bank of China and China Construction Bank contributed $10.24 million respectively; In the $20 million term loan tranche, BoC and CCB contributed $0.69 million respectively; In the $218 million term loan tranche, BoC and CCB contributed $7.52 million respectively; In the $57.3 million revolver tranche, they contributed $1.98 million respectively. In total they each contributed $20.43 million in the $592,3 million total transactions. Facility six is led by six mandated lead arrangers and bookrunners — BNP Paribas, Citi, ING, Mitsubishi UFJ Financial Group, Standard Chartered, and Sumitomo Mitsui Banking Corp. The USD term facility has an interest rate of LIBOR + 2.10% for onshore lenders, and LIBOR + 2.25% for offshore lenders and the IDR loan facilities have an interest of LIBOR + 2.75% ("STP Press Release"). The payment of this loan for the year ended December 31, 2018, amounted to Rp30,500 and USD3,170,000. ("Annual Report 2018.") This project is linked to the other contributions from Bank of China and China Construction Bank: Record ID#66455, 71214, 89257, 89258, 89259, 89260, 89261.