Bank of China contributes $20 million to $200 million syndicated loan to PT Bank Rakyat Indonesia in October 2020 for unspecified purposes (Linked to Project ID#97832, #97833, and #97807)
Commitment amount
$ 22336740.04774798
Adjusted commitment amount
$ 22336740.05
Constant 2021 USD
Summary
Funding agency [Type]
Bank of China (BOC) [State-owned Commercial Bank]
Recipient
Indonesia
Sector
Unallocated/unspecified (Code: 998)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On October 14, 2020, PT Bank Rakyat Indonesia (Persero) Tbk — an Indonesian state-owned bank — made a $200 million (‘facility B’) 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 24-month maturity (final maturity date: August 5, 2022). The participating banks were Bank of China (Hong Kong) Limited ($20 million), BNP Paribas, Singapore branch ($50 million), CTBC Bank, Co., Ltd. ($10 million), Sumitomo Mitsui Banking Corporation, Singapore branch($50 million), and United Overseas Bank Limited ($70 million).
Additional details
1. CDB and BoC's respective contributions to Facility A of the 800 million USD syndicated loan facility are captured via Project ID#97832 and #97833. CDB's contribution to Facility C is captured via Project ID#97807.
Number of official sources
2
Number of total sources
2
Details
Cofinanced
Yes
Cofinancing agencies [Type]
CTBC Bank [Private Sector]
Sumitomo Mitsui Banking Corporation [Private Sector]
United Overseas Bank Limited (UOB) [Private Sector]
BNP Paribas S.A. [Private Sector]
Direct receiving agencies [Type]
PT Bank Rakyat Indonesia (Persero) Tbk [State-owned Bank]
Implementing agencies [Type]
PT Bank Rakyat Indonesia (Persero) Tbk [State-owned Bank]
Loan Details
Maturity
2 years