Overview

ICBC contributes to USD 199 million syndicated loan to Chandra Asri Petrochemical

Commitments (Constant USD, 2023)$36,175,598

Commitment Year•2016Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2016

Last repayment (originally scheduled): Dec 30, 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

Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Private Sector

Bangkok Bank Public Company Limited (BBL)
BNP Paribas S.A.
DBS Bank Ltd.
HSBC Bank PLC
Siam Commercial Bank

Receiving agencies

Private Sector

PT Chandra Asri Petrochemical Tbk

Loan description

ICBC contributions to 199 million USD syndicated loan to Chandra Asri Petrochemical

Interest type•UnknownMaturity•7 years

Narrative

Full Description

Project narrative

In 2016, the Industrial and Commercial Bank of China (ICBC) contributed to a USD 199 million syndicated loan agreement for Chandra Asri Petrochemical. The syndication consisted of six known members, including ICBC, BNP Paribas S.A., Bangkok Bank, DBS Bank, HSBC Bank, and Siam Commercial Bank. Since the individual contributions of the six syndicate members are unknown, AidData assumes that all six members contributed an equal amount, USD 33,166,666. The loan will be used for refinancing and its borrowing terms include a seven-year maturity.

Staff comments

1. The size of each individual's respective financial contribution to the USD 199 million syndicated loan is unknown. For the time being, AidData assumes that all 6 members of the lending syndicate contributed equal amounts (USD 33,166,666).