Bank of China contributes to USD $66 million syndicated loan to PT Wahana Ottomitra Multiartha (WOM Finance)
Commitment amount
$ 19158377.09246599
Adjusted commitment amount
$ 19158377.09
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
Project lifecycle
Description
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.
Additional details
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).
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
PT Bank Pan Indonesia, Tbk (PaninBank) (Bank Panin) [Private Sector]
Bayerische Hypo- und Vereinsbank AG [Private Sector]
State Bank of India (SBI) [State-owned Bank]
Maybank International (L) Limited [Private Sector]
IndoCorp [Private Sector]
United Overseas Bank of Singapore [State-owned Bank]
Direct receiving agencies [Type]
PT Wahana Ottomitra Multiartha (WOM Finance) [Private Sector]
Loan Details
Maturity
3 years