Project ID: 96747

ICBC contributes Rp 325 billion to Rp 5 trillion syndicated loan to PT Wijaya Karya to support its toll-road projects (Linked to Project ID#96746)

Commitment amount

$ 27989591.198973108

Adjusted commitment amount

$ 27989591.2

Constant 2021 USD

Summary

Funding agency [Type]

ICBC Indonesia [State-owned Commercial Bank]

Recipient

Indonesia

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

Yes

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

2017-03-01

Description

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. (leads the loan with Rp 1 trillion), Bank Maybank Indonesia, Bank of China (Project ID#96746), and SMI (Rp 900 billion each), Bank Mizuho Indonesia, Bank ICBC Indonesia, Bank BNP Paribas Indonesia, and Bank CTCB Indonesia (covering the rest of the sum). The purpose of the loan is to support Wika's toll-road projects.

Additional details

1. Individual contributions from Bank Mizuho Indonesia, Bank ICBC Indonesia, Bank BNP Paribas Indonesia, and Bank CTCB Indonesia toward the rest of the sum are unknown. For the time being, Aiddata assumes equal contribution from the 4 banks ( (5 trillion - 1 trillion - 3*900 billion) / 4 = Rp 325,000,000,000 each).

Number of official sources

0

Number of total sources

1

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Details

Cofinanced

Yes

Cofinancing agencies [Type]

Maybank International (L) Limited [Private Sector]

PT Sarana Multi Infrastruktur (Persero) (PT SMI) [State-owned Company]

Mizuho Bank [Private Sector]

BNP Paribas S.A. [Private Sector]

CTCB Indonesia [State-owned Bank]

Bank of China (BOC) [State-owned Commercial Bank]

Direct receiving agencies [Type]

PT Wijaya Karya Tbk (Wika) [State-owned Company]

Loan Details

Syndicated loan

Investment project loan