Overview

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

Commitments (Constant USD, 2023)$25,846,981

Commitment Year•2017Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•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

PT Bank ICBC Indonesia

Cofinancing agencies

Private Sector

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

State-owned Banks

CTCB Indonesia

State-owned Commercial Banks

Bank of China (BOC)

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 (Record ID#96746), SMI (Rp 900 billion each), Bank Mizuho Indonesia, Bank ICBC Indonesia, Bank BNP Paribas Indonesia, and Bank CTCB Indonesia (who covered the rest of the sum). The purpose of the loan was to support Wika's toll-road projects.

Staff comments

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).