ICBC contributes $65 million in $600 million syndicated loan tranche to Indonesia Eximbank for on-lending purposes in May 2019
Commitment amount
$ 73031699.79703906
Adjusted commitment amount
$ 73031699.8
Constant 2021 USD
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Indonesia
Sector
Unallocated/unspecified (Code: 998)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On May 15, 2019, Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank or LPEI) — an Indonesia state-owned bank — signed a $900 million syndicated loan with a group of Chinese and non-Chinese banks for on-lending purposes. The loan consisted of two tranches: a $600 million tranche known as ‘Tranche A’ and a $300 million tranche known as ‘Tranche B’. The final maturity date of Tranche A is June 23, 2022. China Development Bank (CDB) and the Industrial and Commercial Bank of China (ICBC) each contributed $65 million to Tranche A.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
Yes
Cofinancing agencies [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Direct receiving agencies [Type]
PT Lembaga Pembiayaan Ekspor Indonesia (LPEI) [State-owned Bank]
Implementing agencies [Type]
PT Lembaga Pembiayaan Ekspor Indonesia (LPEI) [State-owned Bank]
Loan Details
Maturity
3 years