Bank of China contributes to USD 329 million equivalent syndicated loan to Charoen Pokphand Indonesia
Commitment amount
$ 23076791.39946721
Adjusted commitment amount
$ 23076791.4
Constant 2021 USD
Summary
Funding agency [Type]
Bank of China (BOC) [State-owned Commercial Bank]
Recipient
Indonesia
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
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.
Additional details
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.
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Australia and New Zealand Banking Group (ANZ) [Private Sector]
PT Bank Central Asia Tbk (BCA) [Private Sector]
PT Bank Mandiri (Persero) Tbk [State-owned Bank]
CIMB Bank Berhad [State-owned Bank]
Citigroup [Private Sector]
DBS Bank [Private Sector]
Sumitomo Mitsui Banking Corporation [Private Sector]
Aozora Bank [Private Sector]
CTBC Bank [Private Sector]
Emirates NBD Bank PJSC [State-owned Bank]
Land Bank of Taiwan Co., Ltd. (LBOT) [State-owned Bank]
Malayan Banking Berhad (Maybank) [Private Sector]
Mizuho Bank [Private Sector]
National Bank of Kuwait S.A.K. (NBK) [Private Sector]
Mega International Commercial Bank Co., Ltd. [Private Sector]
Direct receiving agencies [Type]
PT Charoen Pokphand Indonesia Tbk [Private Sector]
Loan Details
Maturity
5 years