Bank of China contributes $10 million USD to a $450 million USD syndicated loan to PT Indosat for refinancing and capital expenditure purposes, and for working capital requirements

On June 12, 2008, a syndicate of 13 banks — including the Bank of China (BOC) — signed a $450 million USD syndicated loan agreement with PT Indosat Tbk — an Indonesian telecommunications company — for refinancing and capital expenditure purposes. This loan carried a maturity period of five years and a grace period of three years, with repayment due in five semi-annual installments. The proceeds were to be used by the borrower refinance an existing debt facility, for capital expenditure purposes, and for working capital requirements. The loan was oversubscribed from its initial $200 million USD launch. BOC contributed $10 million USD. In addition to BOC, the following lenders contributed the respective amounts (if known) to the loan syndicate: Aozora Bank, the Singapore Branch of Commerzbank, the Singapore Branch of ING Bank ($60 million USD), DBS Bank ($50 million USD), Export Development Canada (EDC) ($50 million USD), the Singapore Branch of Sumitomo Mitsui Banking Corporation (SMBC) ($50 million USD), the Jakarta Branch of the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) ($30 million USD), the Singapore Branch of Rabobank ($30 million USD), the Singapore Branch of Natixis ($30 million USD), PT Bank Mizuho Indonesia ($30 million USD), PT Bank UOB Indonesia ($25 million USD), Chinatrust Commercial Bank ($10 million USD). Aozora, the Singapore Branch of Commerzbank, DBS, EDC, the Singapore Branch of ING Bank, the Singapore Branch of Natixis, and the Singapore Branch of SMBC.

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