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Overview

Bank of China contributes to USD $66 million syndicated loan to PT Wahana Ottomitra Multiartha (WOM Finance)

Commitments (Constant USD, 2023)$17,692,866
Commitment Year•2006Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 1, 2006
Last repayment (originally scheduled)
Oct 31, 2009

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

  • Bayerische Hypo- und Vereinsbank AG
  • IndoCorp
  • Maybank International (L) Limited
  • PT Bank Pan Indonesia, Tbk (PaninBank) (Bank Panin)

State-owned Banks

  • State Bank of India (SBI)
  • United Overseas Bank of Singapore

Receiving agencies

Private Sector

  • PT Wahana Ottomitra Multiartha (WOM Finance)

Loan description

Bank of China contributions to USD 66 million syndicated loan to PT Wahana Ottomitra Multiartha

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

In November 2006, Bank of China contributed to a $66 million USD syndicated loan to PT Wahana Ottomitra Multiartha (WOM Finance), a motorcycle financing firm. Other contributors include Bayerische Hypo-und Vereinsbank AG's Singapore branch, PT Bank Panin, United Overseas Bank of Singapore, State Bank of India and MayBank and Indocorp. Bayerische Hypo-und Vereinsbank was the lead arranger. This loan carried a maturity period of three years. The proceeds were to be used help support the company's target of 4 trln rupiah in new financing this year.

Staff comments

1. The exact size of Bank of China's financial contribution to the $66 million syndicated loan are unknown. For the time being, AidData assumes that all 7 members of the lending syndicate contributed equal amounts ($9,428,571.43).