Bank of China contributes to a $700 million syndicated loan to Pertamina for capital expenditure and general corporate purposes
Commitment amount
$ 42387341.52423946
Adjusted commitment amount
$ 42387341.52
Constant 2021 USD
Summary
Funding agency [Type]
Bank of China (BOC) [State-owned Commercial Bank]
Recipient
Indonesia
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
In June 2010, a syndicate of 23 banks — including the Bank of China (BOC) — signed a $700 million USD syndicated term loan agreement with PT Pertamina (Persero) — an Indonesian state-owned oil and natural gas corporation — for capital expenditure and general corporate purposes. This loan carried a maturity period of five years. The proceeds were to be used by the borrower for capital expenditure and general corporate purposes. In addition to BOC, the following lenders contributed to the loan syndicate: Australia and New Zealand Banking Group (ANZ), BNP Paribas S.A., HSBC Bank, Royal Bank of Scotland (RBS), Bank of Central Asia (BCA), Bank DBS Indonesia, Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Bank Pan Indonesia, Natixis, Société Générale S.A. (SocGen), State Bank of India (SBI), Sumitomo Mitsui Banking Corporation (SMBC), Bank Mizuho Indonesia, First Commercial Bank, First Gulf Bank (FGB), Intesa Sanpaolo S.p.A., Bank Chinatrust Indonesia, Bank OCBC NISP, Mega International Commercial Bank, Taishin International Bank, Taiwan Cooperative Bank, and Union de Banques Arabes et Francaises (UBAF). ANZ, BNP Paribas, HSBC, and RBS served as bookrunners and mandated lead arrangers. BOC, BCA, Bank DBS Indonesia, BTMU, Bank Pan Indonesia, Natixis, SocGen, SBI, and SMBC joined in syndication as mandated lead arrangers. Bank Mizuho Indonesia joined in syndication as a lead arranger. First Commercial Bank, FBG, and Intesa Sanpaolo joined in syndication as arrangers. Bank Chinatrust Indonesia, Bank OCBC NISP, Mega International Commercial Bank, Taishin International Bank, Taiwan Cooperative Bank, and UBAF joined in syndication as lead managers.
Additional details
1. The individual contribution of the 19 lenders to this $700 million USD syndicated loan is unknown. For the time being, AidData has estimated the contribution of ICBC by assuming that each lender contributed an equal amount ($30,434,782.6087 USD) to the syndicated loan.
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Australia and New Zealand Banking Group (ANZ) [Private Sector]
BNP Paribas S.A. [Private Sector]
HSBC Bank PLC [Private Sector]
Royal Bank of Scotland (RBS) [State-owned Bank]
PT Bank Central Asia Tbk (BCA) [Private Sector]
PT Bank DBS Indonesia [Private Sector]
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU)) [Private Sector]
PT Bank Pan Indonesia, Tbk (PaninBank) (Bank Panin) [Private Sector]
Natixis [Private Sector]
Société Générale S.A. (SocGen) [Private Sector]
State Bank of India (SBI) [State-owned Bank]
Sumitomo Mitsui Banking Corporation Group (SMBC Group) [Private Sector]
PT Bank Mizuho [Private Sector]
First Commercial Bank Limited [Private Sector]
First Gulf Bank (FGB) [State-owned Bank]
Intesa Sanpaolo S.P.A. [Private Sector]
Chinatrust Commercial Bank [Private Sector]
PT Bank OCBC Indonesia [Private Sector]
Taishin International Bank (Taishin Bank) [Private Sector]
Taiwan Cooperative Bank [State-owned Bank]
Union de Banques Arabes et Francaises (UBAF) [Private Sector]
Mega International Commercial Bank Co., Ltd. [Private Sector]
Direct receiving agencies [Type]
PT Pertamina (Persero) [State-owned Company]
Loan Details
Maturity
5 years