ICBC contributes to a $158 million USD-IDR equivalent denominated series five facility tranche to PT Tower Bersama Infrastructure Tbk (linked to project #98696)
Commitment amount
$ 20612391.402436994
Adjusted commitment amount
$ 20612391.4
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
On August 2, 2012, the Bank of China 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.
Additional details
1. Since no further information was found, Aiddata assumes that each financer contributed equally.
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
ANZ Bank [Private Sector]
United Overseas Bank Limited (UOB) [Private Sector]
PT Bank Central Asia Tbk (BCA) [Private Sector]
Bank Negara Indonesia [State-owned Bank]
PT Bank Danamon Indonesia Tbk [Private Sector]
PT Bank QNB Indonesia (Bank QNB Kesawan) [Private Sector]
Oversea-Chinese Banking Corporation, Limited (OCBC Bank) [Private Sector]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Direct receiving agencies [Type]
PT Tower Bersama Infrastructure Tbk [Private Sector]
Loan Details
Maturity
5 years