ICBC participates in $470 million USD loan to PT Triputra Agro Persada for expanding oil plam plantations
Commitment amount
$ 37869798.570031226
Adjusted commitment amount
$ 37869798.57
Constant 2021 USD
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Indonesia
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
Yes
Category
Project lifecycle
Description
In August 2013, PT Triputra Agro Persada (TAP) entered into a $470 million USD syndicated loan with 14 foreign and local banks to partly finance its expansion of the company's oil palm plantations. DBS and HSBC are the co-leaders of the syndicate which also includes T Bank Permata Tbk, PT Bank CIMB Niaga Tbk, PT Bank DKI, PT Indonesia Eximbank, PT Bank OCBC NISP Tbk, and PT QNB Kesawan Tbk, ANZ, ICBC, OCBC, Standard Chartered, UOB, and Rabo bank. About $270 million USD of this loan will be used for plantations, like land clearing, infrastructure, seeds, electricity, and staff housing. The other $200 mullion will be used to refinance the TAP's loan.
Additional details
1. Individual contributions from the 14 banks to the loan are unclear. Aiddata assumes equal contribution from all banks ($33,571,428.6).
Number of official sources
0
Number of total sources
2
Details
Cofinanced
Yes
Cofinancing agencies [Type]
DBS Bank [Private Sector]
HSBC [Private Sector]
PT Bank CIMB Niaga Tbk [State-owned Bank]
PT Bank DKI [State-owned Bank]
PT Indonesia Eximbank [State-owned Bank]
PT Bank OCBC Indonesia [Private Sector]
PT QNB Kesawan Tbk [State-owned Bank]
Oversea-Chinese Banking Corporation, Limited (OCBC Bank) [Private Sector]
Standard Chartered Bank PLC [Private Sector]
United Overseas Bank Limited (UOB) [Private Sector]
Rabobank [Private Sector]
Australia and New Zealand Banking Group (ANZ) [Private Sector]
PT Bank Permata Tbk [Private Sector]
Direct receiving agencies [Type]
PT Triputra Agro Persada (TAP) [Private Sector]