BOC Hong Kong contributes $25 million to a $350 million syndicated loan to Adaro's mining contractor unit PT Saptaindra Sejati
Commitment amount
$ 27246243.69696692
Adjusted commitment amount
$ 27246243.7
Constant 2021 USD
Summary
Funding agency [Type]
Bank of China (Hong Kong) Limited (BOCHK) [State-owned Commercial Bank]
Bank of China (BOC) [State-owned Commercial Bank]
Recipient
Indonesia
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
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.
Additional details
1. Individual contributions from the 14 banks to the loan weren't specified. Aiddata assumes equal contribution ($25 million) from each bank.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Australia and New Zealand Banking Group (ANZ) [Private Sector]
CIMB Bank Berhad [State-owned Bank]
Citigroup Global Markets, Inc. [Private Sector]
CTBC Bank [Private Sector]
DBS Bank [Private Sector]
PT Bank HSBC Indonesia [Private Sector]
PT Bank Mandiri (Persero) Tbk [State-owned Bank]
Pt Bank Mandiri (Persero) Tbk Singapore Branch [State-owned Bank]
PT Bank Mandiri (Persero) Tbk., Hong Kong Branch [State-owned Bank]
PT Bank Mizuho [Private Sector]
Oversea-Chinese Banking Corporation, Limited (OCBC Bank) [Private Sector]
Sumitomo Mitsui Banking Corporation [Private Sector]
United Overseas Bank Limited (UOB) [Private Sector]
Korea Development Bank (KDB) [State-owned Bank]
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU)) [Private Sector]
HSBC Bank PLC [Private Sector]
Direct receiving agencies [Type]
PT Saptaindra Sejati [State-owned Company]