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Overview

Bank of China contributes to USD 329 million equivalent syndicated loan to Charoen Pokphand Indonesia

Commitments (Constant USD, 2023)$21,512,454
Commitment Year•2015Country 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, 2015
Last repayment (originally scheduled)
Dec 31, 2019

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

  • Bank of China (BOC)

Cofinancing agencies

Private Sector

  • Aozora Bank, Ltd.
  • Australia and New Zealand Banking Group (ANZ)
  • Citigroup Inc.
  • CTBC Bank (formerly Chinatrust Commercial Bank)
  • DBS Bank Ltd.
  • Malayan Banking Berhad (Maybank)
  • Mega International Commercial Bank Co., Ltd. (formerly International Commercial Bank of China)
  • Mizuho Bank, Ltd.
  • National Bank of Kuwait S.A.K. (NBK)
  • PT Bank Central Asia Tbk (BCA)
  • Sumitomo Mitsui Banking Corporation (SMBC)

State-owned Banks

  • CIMB Bank Berhad
  • Emirates NBD Bank P.J.S.C.
  • Land Bank of Taiwan Co., Ltd. (LBOT)
  • PT Bank Mandiri (Persero) Tbk

Receiving agencies

Private Sector

  • PT Charoen Pokphand Indonesia Tbk (CP Indonesia)

Loan description

BOC contributions to 329 million USD equivalent syndicated loan to Charoen Pokphand Indonesia

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

In 2015, Charoen Pokphand Indonesia (CP Indonesia) entered into a USD 329 million equivalent loan with sixteen creditors. The loan consisted of two five-year revolvers, one in USD with an interest rate of a floating rate plus a margin of 150 basis points and the other in Indonesian rupiah with an interest rate of a floating rate plus a margin of 250 basis points. Known members include ANZ, Bank Central Asia, Bank Mandiri, CIMB Bank, Citi, DBS, Sumitomo Mitsui Banking Corporation (SMBC), Aozora, Bank of China, CTBC, Emirates NBD, Land Bank of Taiwan, Maybank, Mizuho, Mega International Commercial Bank, and National Bank of Kuwait. It is unknown whether each member participated in one or both revolvers. As of June 20, 2018, CP Indonesia was looking to reduce margins from 150bp to 115bp for the USD portion of the loan, and from 250bp to 205bp for the Indonesian rupiah portion.

Staff comments

1. Since the individual financial contributions of the loan's creditors are unknown, AidData assumes equal contributions from each member (USD 20,562,500), for the time being.