Overview

Bank of China contributes to IDR 5 trillion syndicated loan agreement for Indonesia’s Waskita Karya (Linked to Record ID#98196)

Commitments (Constant USD, 2023)$99,411,465

Commitment Year•2017Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•IndonesiaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 1, 2017

Last repayment (originally scheduled): Aug 31, 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 (BOC)

Cofinancing agencies

Private Sector

CTBC Bank (formerly Chinatrust Commercial Bank)
Permata Bank
PT Bank KEB Hana Indonesia
PT Bank OCBC Indonesia
Shinhan Bank Co., Ltd.
Sumitomo Mitsui Banking Corporation (SMBC)

State-owned Banks

State Bank of India (SBI)

State-owned Commercial Banks

PT Bank China Construction Bank Indonesia

Receiving agencies

State-owned companies

PT Waskita Karya (Persero) Tbk

Loan description

BOC and China Construction Bank contributions to IDR 5 trillion syndicated loan for unspecified purposes

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

In September 2017, Waskita Karya, an Indonesian construction company, signed an IDR 5 trillion loan agreement with a syndicate of nine banks. The known financiers include Bank of China (Jakarta Branch) (captured in Record ID#98195) and China Construction Bank Indonesia (captured in Record ID#98196), among others. The lead arranger, Sumitomo Mitsui Bank Corporation, provided a loan of IDR 1.2 trillion to the syndicate. AidData assumes that Bank of China contributed 25% of the total share of the loan based on observed amount outstanding for the loan. The borrowing terms of this loan include a five-year maturity.

Staff comments

1. Other than Sumitomo Mitsui Bank Corporation’s contribution of IDR 1.2 trillion, AidData staff now estimates the contributions by each individual banks based on the amount outstanding {{see in source #210139}}. Bank of China's contribution of the loan represents 25% of the total share, worth IDR 1.25 trillion.