Overview

BOC Jakarta Bank provides a Rp575 billion loan to Bank Mandiri of Indonesia

Commitments (Constant USD, 2023)$40,649,521

Commitment Year•2018Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2018

Last repayment (originally scheduled): Sep 30, 2021

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

Bank of China (BOC)

Receiving agencies

State-owned Banks

PT Bank Mandiri (Persero) Tbk

Loan description

BOC Jakarta Bank provides a Rp575 billion loan to Bank Mandiri of Indonesia

Grant element•0.8283%Interest rate (t₀)•9.25%Interest type•Fixed Interest RateMaturity•3.75 years

Narrative

Full Description

Project narrative

On March 29, 2018, Bank Mandiri and PT Bank of China (BOC) signed a loan agreement where BOC provide a term loan facility with a total limit equivalent to Rp575,000,000,000 at drawdown which is non-revolving and bears interest rate of 9.25%. The facility will be matured on December 24, 2021.