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Overview

CDB contributes $150 million to $300 million syndicated loan with PT Bank Rakyat Indonesia (Persero) Tbk in October 2020 for unspecified purposes (Linked to Record ID#97832, 97833, and 97834)

Commitments (Constant USD, 2023)$154,760,073
Commitment Year•2020Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Oct 14, 2020
Last repayment (originally scheduled)
Aug 7, 2025

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 Policy Banks

  • China Development Bank (CDB)

Cofinancing agencies

Private Sector

  • CTBC Bank (formerly Chinatrust Commercial Bank)
  • MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
  • Standard Chartered Bank (Singapore) Limited
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • United Overseas Bank Limited (UOB)

Receiving agencies

State-owned Banks

  • PT Bank Rakyat Indonesia (Persero) Tbk

Implementing agencies

State-owned Banks

  • PT Bank Rakyat Indonesia (Persero) Tbk

Loan description

CDB and BOC contributions to USD 300 million syndicated loan for unspecified purposes

Interest type•Variable Interest RateLoan tenor•3-month rateMaturity•5 years

Narrative

Full Description

Project narrative

On October 14, 2020, PT Bank Rakyat Indonesia (Persero) Tbk — an Indonesian state-owned bank — made a $300 million withdrawal under a $800 million syndicated loan facility for unspecified purposes. The borrowing carried an interest rate of three-month LIBOR plus an unspecified margin and a 5-year maturity (final maturity date: August 7, 2025). The participating banks were China Development Bank ($150,000,000), CTBC Bank, Co., Ltd. ($25,000,000), MUFG Bank, Ltd., Singapore branch ($20,000,000), Standard Chartered Bank (Singapore) Limited ($50,000,000), Sumitomo Mitsui Banking Corporation, Singapore branch ($50,000,00), and United Overseas Bank Limited ($5,000,000).

Staff comments

1. CDB and BoC's respective contributions to Facility A of the 800 million USD syndicated loan facility are captured via Record ID#97832 and #97833. BoC's contribution to Facility B is captured via Record ID#97834. CDB's contribution to Facility C is captured via Record ID#97807.