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Bank of China contributes to USD 70 Million syndicated loan to PT Delta Merlin Sandang Textile in Indonesia
| Funder | Bank of China (BOC) |
|---|---|
| Recipient Organization | PT Delta Merlin Sandang Textile |
| Country | Indonesia |
| Start Date | Jan 31, 2008 |
| End Date | Oct 03, 2029 |
| Duration | 7,916 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 102868 |
Grant Description
Bank of China contributions to 70 million USD syndicated loan to PT Delta Merlin Sandang Textile for unspecified purposes On January 31, 2008, PT Bank Ekspor Indonesia (Persero), PT ANZ Panin Bank and Standard Chartered Bank led a syndicated loan of USD 70 million to PT Delta Merlin Sadang Textile. These banks were joined by PT Bank Permata, PT Bank OCBC Indonesia and Bank of China (Jakarta Branch).
The allocations of the syndicated loan are unclear. The loan had an interest rate of LIBOR + a 3.75% margin, or 7.5295%. PT Delta Merlin Dunia Textile acted as the guarantor and Standard Chartered was the original lead. PT Delta Merlin Sandang Textile is a spinning industry factory that was established by Duniatex in 2003.
The loan was intended to aid with capital.
Staff Comments
- For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.
- The individual contributions of the syndicate members are unknown. For the time being, AidData has estimated the contribution of the Bank of China by assuming that the six lenders contributed equal amounts ($11,666,666.67) to the loan syndicate.
Sources & References
- PT Delta Merlin Sandang textile Certificate of Registration
- Loan week
- February 1-6 A roundup of the latest syndicated loan market news. Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
PT Delta Merlin Sandang Textile
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