Skip to content
AidData logo

Overview

CDB contributes $65 million in $600 million syndicated loan tranche to Indonesia Eximbank for on-lending purposes in May 2019

Commitments (Constant USD, 2023)$67,469,187
Commitment Year•2019Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 15, 2019
Last repayment (originally scheduled)
May 14, 2022

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 Policy Banks

  • China Development Bank (CDB)

Cofinancing agencies

State-owned Commercial Banks

  • Industrial and Commercial Bank of China (ICBC)

Receiving agencies

State-owned Banks

  • PT Lembaga Pembiayaan Ekspor Indonesia (LPEI)

Implementing agencies

State-owned Banks

  • PT Lembaga Pembiayaan Ekspor Indonesia (LPEI)

Loan description

ICBC and CDB contributions to 900 million USD syndicated loan for to Indonesia Eximbank for on-lending purposes

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

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.