CDB contributes $86 million to $200 million syndicated loan to PT Bank Rakyat Indonesia in August 2020 for unspecified purposes (Linked to Project ID#97846)

On August 14, 2020, PT Bank Rakyat Indonesia (Persero) Tbk — an Indonesian state-owned bank — made a $200 million (‘facility A’) withdrawal under a $1 billion syndicated loan facility for unspecified purposes. The borrowing carried an interest rate of three-month LIBOR plus 55 basis points and a 1-year maturity (final maturity date: July 30, 2021). The participating banks were MUFG Bank Ltd ($32,000,000), China Development Bank, Hong Kong branch ($86,000,000), PT. Bank Mizuho Indonesia ($20,000,000), CTBC Bank Co., Ltd., Singapore branch ($20,000,000), Bank of China (Hong Kong) Limited ($22,000,000), and Citibank, N.A., Indonesia branch ($20,000,000). Bank of China's contribution is captured via Project ID#97846.

Additional details

1. AidData has calculated the interest rate for this loan using the 3-month LIBOR from August 2020 (0.084%). For more information, see: https://www.global-rates.com/en/interest-rates/libor/american-dollar/2020.aspx

Number of official sources

2

Number of total sources

4