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

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 Project ID #98195) and China Construction Bank Indonesia (captured in Project ID #98195), among others. The lead arranger, Sumitomo Mitsui Bank Corporation, provided a loan of IDR 1.2 trillion to the syndicate. Since the individual contribution of the remaining eight syndicate members is unknown, AidData assumes that each of these members contributed IDR 475 billion to the syndicated loan. The borrowing terms of this loan include a five-year maturity.

Additional details

1. Other than Sumitomo Mitsui Bank Corporation’s contribution of IDR 1.2 trillion, the individual financial contributions to the IDR 5 trillion syndicated loan are unknown. For the time being, AidData assumes that the eight syndicate members with unknown contributions contributed equal amounts to the syndicate (IDR 475 billion).

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