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Overview

ICBC contributes to a $158 million USD-IDR equivalent denominated series five facility tranche to PT Tower Bersama Infrastructure Tbk (linked to Record ID#98697)

Commitments (Constant USD, 2023)$19,027,024
Commitment Year•2012Country 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
Aug 2, 2012
Last repayment (originally scheduled)
Aug 1, 2017

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

  • Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Private Sector

  • Australia and New Zealand Banking Group (ANZ)
  • Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
  • PT Bank Central Asia Tbk (BCA)
  • PT Bank Danamon Indonesia Tbk
  • PT Bank QNB Indonesia (Bank QNB Kesawan)
  • United Overseas Bank Limited (UOB)

State-owned Banks

  • PT Bank Negara Indonesia (Persero)

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Private Sector

  • PT Tower Bersama Infrastructure Tbk

Loan description

ICBC and BOC 2012 contributions to 150 million USD-IDR equivalent denominated series five facility tranche to PT Tower Bersama Infrastructure Tbk

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

On August 2, 2012, ICBC contributed to a $158 million USD-IDR equivalent denominated series five facility tranche to PT Tower Bersama Infrastructure Tbk. This tranche had a maturity period of five years and was part of a loan that also had a $166 million USD series four-dollar facility (five-year maturity) for a total debt of $374 million USD. These loans were used for the acquisition of 2,500 towers of Indosat and capital expenditure purposes. The participants in the dollar tranche were OCBC, DBS, Crédit Agricole, BTMU, CIMB, Bank of East Asia, SMBC, Cathay United Bank, and HSBC, while the rupiah tranche brought in ANZ, UOB, Bank Central Asia, Bank Negara, ICBC, Bank Danamon, QNB, OCBC and Bank of China.

Staff comments

1. Since no further information was found, Aiddata assumes that each financer contributed equally.