Project ID: 96738

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

Commitment amount

$ 21796994.957573533

Adjusted commitment amount

$ 21796994.96

Constant 2021 USD

Summary

Funding agency [Type]

ICBC Indonesia [State-owned Commercial Bank]

Recipient

Indonesia

Sector

Business and other services (Code: 250)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2018-02-21

Description

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.

Additional details

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

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

Yes

Cofinancing agencies [Type]

Sumitomo Mitsui Indonesia [Private Sector]

MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU)) [Private Sector]

United Overseas Bank Limited (UOB) [Private Sector]

Direct receiving agencies [Type]

PT Elnusa Tbk [State-owned Company]

Loan Details

Syndicated loan