Overview

BOC contributes $26.6 million to $133 million syndicated loan to PT Elnusa Tbk

Commitments (Constant USD, 2023)$28,829,554

Commitment Year•2012Country 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: Feb 1, 2012

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 (BOC)

Cofinancing agencies

Private Sector

CTBC Bank (formerly Chinatrust Commercial Bank)
PT Bank Central Asia Tbk (BCA)
PT Bank Mizuho Indonesia

State-owned Banks

Indonesia Eximbank

Receiving agencies

State-owned companies

PT Elnusa Tbk

Loan desecription

Bank of China contributions to 133 million 2012 syndicated loan for PT Elnusa Tbk

Interest type•Unknown

Narrative

Full Description

Project narrative

In February 2012, PT Elnusa Tbk - part of the state-owned Pertamina group - entered into a syndicated loan of $133 million with five banks including PT Bank Central Asia Tbk. (BBCA) act as the Mandated Lead Arranger, Indonesia Eximbank as Lead Arranger, Bank Chinatrust Indonesia, Bank Mizuho Indonesia and Bank of China Jakarta Branch (BOC) as Arranger. Part of the loan will be used for the company's refinancing.

Staff comments

1. Individual contributions are unclear, Aiddata assumes equal contribution from all 5 banks.