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
Project lifecycle
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
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]