Overview

BOC contributes Rp 900 billion to Rp 5 trillion syndicated loan to PT Wijaya Karya to support its toll-road projects (Linked to Record ID#96747)

Commitments (Constant USD, 2023)$71,576,255

Commitment Year•2017Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 1, 2017

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

BNP Paribas S.A.
Maybank International (L) Limited
Mizuho Bank, Ltd.

State-owned Banks

CTCB Indonesia

State-owned Commercial Banks

PT Bank ICBC Indonesia

State-owned companies

PT Sarana Multi Infrastruktur (Persero) (PT SMI)

Receiving agencies

State-owned companies

PT Wijaya Karya Tbk (Wika)

Loan description

BOC and ICBC contributions to IDR 5 trillion syndicated loan for PT Wijaya Karya Toll-road projects

Interest type•Unknown

Narrative

Full Description

Project narrative

In March 2017, PT Wijaya Karya (Wika) entered into a Rp 5 trillion syndicated loan with 7 banks and state infrastructure financing firm PT Sarana Multi Infrastructure (SMI). The financing details include Bank of Tokyo-Mitsubishi UFJ, Ltd. (lead the loan with Rp 1 trillion), Bank Maybank Indonesia, Bank of China, SMI (Rp 900 billion each), Bank Mizuho Indonesia, Bank ICBC Indonesia (Record ID#96747), Bank BNP Paribas Indonesia, and Bank CTCB Indonesia (covered the rest of the sum). The purpose of the loan was to support Wika's toll-road projects.