Bank of China contributes $30 million to a $670 million syndicated loan to Astra Sedaya Finance for general corporate purposes
Commitment amount
$ 33212856.942254648
Adjusted commitment amount
$ 33212856.94
Constant 2021 USD
Summary
Funding agency [Type]
Bank of China (BOC) [State-owned Commercial Bank]
Recipient
Indonesia
Sector
Banking and financial services (Code: 240)
Flow type
Loan
Level of public liability
Unallocable
Infrastructure
No
Category
Project lifecycle
Description
In April 2014, a syndicate of 31 lenders — including the Jakarta Branch and the Hong Kong Branch of the Bank of China (BOC) — entered into a $670 million USD syndicated loan agreement with PT Astra Sedaya Finance (ASF) — an Indonesian consumer financing and car and motorcycle leasing company part of Indonesian conglomerate PT Astra International Tbk that is 50.01% owned Jardine Matheson Holdings Limited (also known as Jardines), a Hong Kong-based Bermuda-domiciled British multinational conglomerate — for general corporate purposes. BOC Jakarta and Hong Kong contributed a combined $30 million USD. In addition to BOC, the following lenders contributed the respective amounts to the loan syndicate: the Bank of Tokyo Mitsubishi UFJ, Ltd. (BTMU) ($30 million USD), Citibank N.A. ($30 million USD), CTBC Financial Holding ($30 million USD), CIMB Bank Berhad ($30 million USD), DBS Bank ($30 million USD), Korea Development Bank (KDB) ($30 million USD), Maybank Banking Berhad ($30 million USD), Mizuho Bank ($30 million USD), Royal Bank of Scotland (RBS) ($30 million USD), Sumitomo Mitsui Banking Corporation (SMBC) ($30 million USD), United Overseas Bank Limited (UOB) ($30 million USD), Shinsei Bank ($30 million USD), Sumitomo Mitsui Trust Bank (SMTB) ($20 million USD), Aozora Bank ($10 million USD), Gunma Bank ($10 million USD), IBJ Leasing ($10 million USD), Chugoku Bank ($5 million USD), Fuyo General Lease Co ($5 million USD), the Bank of the Philippines Islands ($50 million USD), National Bank of Abu Dhabi (NBA) ($30 million USD), RHB Bank Berhad ($30 million USD), Westpac Banking Corporation ($30 million USD), Barclays Bank ($20 million USD), State Bank of India (SBI) ($15 million USD), Bank of Taiwan ($10 million USD), Chang Hwa Commercial Bank ($10 million USD), First Commercial Bank ($10 million USD), Mega International Commercial Bank ($10 million USD), and the Export-Import Bank of the Republic of China ($5 million USD). Syndication was launched in mid-February 2014 at $330 million USD but was increased to $670 million USD due to oversubscription. BTMU, Citibank, CTBC, CIMB, DBS, KDB, Maybank, Mizuho, RBS, SMBC, and UOB served as the original mandated lead arrangers and bookrunners.
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU)) [Private Sector]
Citibank N.A. [Private Sector]
CTBC Bank [Private Sector]
CIMB Bank Berhad [State-owned Bank]
DBS Bank [Private Sector]
Korea Development Bank (KDB) [State-owned Bank]
Malayan Banking Berhad (Maybank) [Private Sector]
Mizuho Bank [Private Sector]
Royal Bank of Scotland (RBS) [State-owned Bank]
Sumitomo Mitsui Banking Corporation Group (SMBC Group) [Private Sector]
United Overseas Bank Limited (UOB) [Private Sector]
Shinsei Bank [State-owned Bank]
Sumitomo Mitsui Trust Bank, Limited (SMTB) [Private Sector]
Aozora Bank [Private Sector]
Gunma Bank [Private Sector]
Mizuho Leasing Company [Private Sector]
The Chugoku Bank, Ltd. [Private Sector]
Fuyo General Lease Co., Ltd. [Private Sector]
Bank of the Philippine Islands [Private Sector]
National Bank of Abu Dhabi (NBA) [State-owned Bank]
RHB Bank Berhad [Private Sector]
Westpac Banking Corporation [Private Sector]
Barclays Bank Plc [Private Sector]
State Bank of India (SBI) [State-owned Bank]
Bank of Taiwan [State-owned Bank]
Chang Hwa Commercial Bank Limited [Private Sector]
First Commercial Bank Limited [Private Sector]
Export-Import Bank of the Republic of China, Taipei [State-owned Bank]
Mega International Commercial Bank Co., Ltd. [Private Sector]
Direct receiving agencies [Type]
PT Astra Sedaya Finance (ASF) [Private Sector]