Industrial and Commercial Bank of China signs agreement for USD 275 million syndicated loan to Perusahaan Gas Negara (Linked to Project ID #98182, #98184, #98185)
Commitment amount
$ 24297220.485615727
Adjusted commitment amount
$ 24297220.49
Constant 2021 USD
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Indonesia
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On November 25, 2009, Indonesian state-owned gas firm Perusahaan Gas Negara signed a $275 million syndicated loan agreement with seventeen banks. Known participants in the loan syndicate include China Development Bank (captured in Project ID#98182), Bank of China (captured in Project ID#98185), CITIC Ka Wah Bank (captured in Project ID#98184), and Industrial and Commercial Bank of China (captured in Project ID#98189), among others. This loan carries the following borrowing terms: a three-year maturity and an interest rate of LIBOR plus a 3.1% margin. The loan will be used for unspecified purposes.
Additional details
1. The exact size of each financier's respective financial contributions to the $275 million syndicated loan is unknown. For the time being, AidData assumes that all 17 members of the lending syndicate contributed equal amounts ($16,176,470). 2. AidData has estimated the interest rate by adding 3.1% to the average six-month LIBOR in November 2009 (0.517%) 3. Perusahaan Gas Negara is a natural gas transportation and distribution company.
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Standard Chartered Bank PLC [Private Sector]
Sumitomo Mitsui Banking Corporation [Private Sector]
Bank Mandiri [State-owned Bank]
Oversea-Chinese Banking Corporation, Limited (OCBC Bank) [Private Sector]
China Development Bank (CDB) [State-owned Policy Bank]
China CITIC Bank International Limited (formerly CITIC Ka Wah Bank) [State-owned Commercial Bank]
Bank of China (BOC) [State-owned Commercial Bank]
Chinatrust Commercial Bank [Private Sector]
Indonesia Eximbank [State-owned Bank]
Qatar National Bank Q.P.S.C. (QNB) [State-owned Bank]
Intesa Sanpaolo S.P.A. [Private Sector]
Bank Negara Indonesia [State-owned Bank]
Export-Import Bank of the Republic of China, Taipei [State-owned Bank]
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU)) [Private Sector]
PT Bank Pan Indonesia, Tbk (PaninBank) (Bank Panin) [Private Sector]
Mega International Commercial Bank Co., Ltd. [Private Sector]
Direct receiving agencies [Type]
Perusahaan Gas Negara [State-owned Company]
Loan Details
Maturity
3 years
Interest rate
3.617%
Grant element (OECD Grant-Equiv)
4.4801%