Overview

ICBC contributes $20 million to $80 million syndicated loan to PT Elnusa Tbk

Commitments (Constant USD, 2023)$20,125,926

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: Feb 21, 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

PT Bank ICBC Indonesia

Cofinancing agencies

Private Sector

MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
Sumitomo Mitsui Indonesia
United Overseas Bank Limited (UOB)

Receiving agencies

State-owned companies

PT Elnusa Tbk

Loan description

ICBC contributions to 80 million USD syndicated loan for PT Elnusa Tbk general purpose financing

Interest type•Unknown

Narrative

Full Description

Project narrative

On February 21, 2018, PT Elnusa Tbk entered into a $80 million syndicated loan with four banks including Sumitomo Mitsui Banking Corporation Singapore Branch / Bank Sumitomo Mitsui Indonesia, Bank of Tokyo-Mitsubishi UFJ (MUFG), ICBC Indonesia and UOB Indonesia (UOB) as Mandated Lead Arranger and Bookrunner. It was divided into Tranche A and B, and would be used by Elnusa as general purpose financing and to finance the prospective projects of Elnusa subsidiaries for the next two years.

Staff comments

1. Individual contributions are unclear, Aiddata assumes equal contribution from all 4 banks