Overview

Bank of China (Hong Kong) contributes $20 million to $200 million syndicated loan to PT Bank Rakyat Indonesia in October 2020 for unspecified purposes (Linked to Record ID#97832, #97833, and #97807)

Commitments (Constant USD, 2023)$20,634,676

Commitment Year•2020Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•Hong Kong (China)Sector•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 15, 2022

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

Bank of China (Hong Kong) Limited (BOCHK)

Cofinancing agencies

Private Sector

BNP Paribas S.A.
CTBC Bank (formerly Chinatrust Commercial Bank)
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•2 years

Narrative

Full Description

Project narrative

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).

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. CDB's contribution to Facility C is captured via Record ID#97807.