Project ID: 98528

Bank of China Trust contributes $60 million USD to a $120 million USD syndicated loan to PT Federal International Finance for motorcycle financing

Commitment amount

$ 107955862.973046

Adjusted commitment amount

$ 107955862.97

Constant 2021 USD

Summary

Funding agency [Type]

Bank of China (BOC) [State-owned Commercial Bank]

Recipient

Indonesia

Sector

Business and other services (Code: 250)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2007-08-01

Description

In August 2007, Bank of China Trust (an arm of BOC) participated in a $120 million USD syndicated loan to PT Federal international Finance (FIF), a unit of PT Astra Internasional Tbk. Bank of China Trust and Sumitomo Mitsui Banking Corporation were the arrangers and each arranged 50% of the financing ($60 million USD). This loan carried a maturity period of three years and an interest rate less than Singapore interbank offered rate (Sibor) plus 1%. The loan was oversubscribed from $75 million USD. The proceeds were to be used to support motorcycle financing of FIF.

Number of official sources

0

Number of total sources

1

Download the dataset

Details

Cofinanced

Yes

Cofinancing agencies [Type]

Sumitomo Mitsui Banking Corporation Group (SMBC Group) [Private Sector]

Direct receiving agencies [Type]

PT Federal international Finance (FIF) [Private Sector]

Loan Details

Maturity

3 years

Syndicated loan