Overview

Bank of China (Hong Kong) Jakarta Branch contributes $25 million to a $350 million syndicated loan to Adaro's mining contractor unit PT Saptaindra Sejati

Commitments (Constant USD, 2023)$25,157,407

Commitment Year•2018Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•IndonesiaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 1, 2018

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 (Hong Kong) Limited (BOCHK)

Cofinancing agencies

Private Sector

Australia and New Zealand Banking Group (ANZ)
Citigroup Global Markets, Inc.
CTBC Bank (formerly Chinatrust Commercial Bank)
DBS Bank Ltd.
HSBC Bank PLC
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
PT Bank HSBC Indonesia (formerly Bank Ekonomi Raharja Tbk (BAEK))
PT Bank Mizuho Indonesia
Sumitomo Mitsui Banking Corporation (SMBC)
United Overseas Bank Limited (UOB)

State-owned Banks

CIMB Bank Berhad
Korea Development Bank (KDB)
PT Bank Mandiri (Persero) Tbk

Receiving agencies

Private Sector

PT Saptaindra Sejati

Loan description

BOC Hong Kong contributions to 350 million USD syndicated loan to PT Saptaindra Sejati

Interest type•Unknown

Narrative

Full Description

Project narrative

In November 2018, Indonesia-based coal company PT Adaro Energy Tbk’s (“Adaro”) mining contractor unit PT Saptaindra Sejati (“SIS”) entered into a $350 million two-year syndicated loan with 14 lenders. The lenders include Australia and New Zealand Banking Group Limited; Bank of China (Hong Kong) Limited Jakarta Branch; CIMB Bank Berhad, Singapore Branch; Citigroup Global Markets Singapore Pte. Ltd.; CTBC Bank, Co, Ltd.; DBS Bank Ltd.; PT Bank HSBC Indonesia; The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch; PT Bank Mandiri Tbk. (Persero) Tbk.; Pt Bank Mandiri (Persero) Tbk., Singapore Branch; PT Bank Mandiri (Persero) Tbk., Hong Kong Branch; PT Bank Mizuho Indonesia; MUFG Bank, Ltd., Jakarta Branch; Oversea-Chinese Banking Corporation Limited, Sumitomo Mitsui Banking Corporation Singapore Branch, United Overseas Bank Limited, and The Korea Development Bank, Singapore Branch. Bank Mandiri served as the facility agent. BOCHK contributed $25 million to the loan.