Skip to content
AidData logo

Overview

China Construction Bank contributes to IDR 5 trillion syndicated loan agreement for Indonesia’s Waskita Karya (Linked to Record ID#98195)

Commitments (Constant USD, 2023)$31,811,669
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

  • PT Bank China Construction Bank Indonesia

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

  • Bank of China (BOC)

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#98195), among others. The lead arranger, Sumitomo Mitsui Bank Corporation, provided a loan of IDR 1.2 trillion to the syndicate. Based on observed amount outstanding data, China Construction Bank Indonesia's total share of the loan is estimated to be IDR 400 billion, or 8%. The borrowing terms of this loan include a five-year maturity.

Staff comments

1. Based on observed data for amount outstanding, AidData staff now assumes that China Construction Bank's total share of the loan is 8% (IDR 400 billion).