ICBC contributes to USD 199 million syndicated loan to Chandra Asri Petrochemical
Commitment amount
$ 39163348.74001949
Adjusted commitment amount
$ 39163348.74
Constant 2021 USD
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Indonesia
Sector
Action relating to debt (Code: 600)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
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.
Additional details
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).
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
BNP Paribas S.A. [Private Sector]
Bangkok Bank Public Company Limited (BBL) [Private Sector]
DBS Bank [Private Sector]
HSBC Bank PLC [Private Sector]
Siam Commercial Bank [Private Sector]
Direct receiving agencies [Type]
PT Chandra Asri Petrochemical Tbk [Private Sector]
Loan Details
Maturity
7 years