Overview

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

Commitments (Constant USD, 2023)$99,693,872

Commitment Year•2007Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 1, 2007

Last repayment (originally scheduled): Jul 31, 2010

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 ownershipAt least 25% Chinese ownership

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Cofinancing agencies

Private Sector

Sumitomo Mitsui Banking Corporation (SMBC)

Receiving agencies

Private Sector

PT Federal international Finance (FIF)

Loan description

BOC contributions to 120 million USD syndicated loan for PT Federal International Finance motorcycle financing

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

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.