Active Commercial AidData Chinese Aid

China Construction Bank Indonesia provides IDR 250 billion loan to PT Mandiri Utama Finance for working capital purposes

$17.86M USD

Funder	PT Bank China Construction Bank Indonesia
Recipient Organization	PT Mandiri Utama Finance (MUF)
Country	Indonesia
Start Date	Apr 10, 2023
End Date	May 06, 2031
Duration	2,948 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`108270`

Grant Description

China Construction Bank Indonesia provides IDR 250 billion loan to PT Mandiri Utama Finance for working capital purposes On April 10, 2023, PT Bank China Construction Bank Indonesia, Tbk. (CCBI) signed an IDR 250 billion non-revolving working capital loan facility agreement with PT Mandiri Utama Finance (MUF) — an Indonesian subsidiary of PT Bank Mandiri (Persero) Tbk an Indonesian state-owned bank (51% shareholding) — for working capital purposes.

📋 Loan / Grant Terms

💰 Loan Amountcarries an interest rate of 7% to 7

The loan's final availability date was April 10, 2024.

📋 Staff Comments

For the time being, AidData has estimated the all-in interest rate as the midpoint of the 7% to 7.15% range. This issue warrants further investigation.
The drawdown date for the facility is unknown. This issue warrants further investigation.

📚 Sources & References

Financial statements as of December 31, 2023 and for the year then ended with independent auditor’s report
Financial statements as of December 31, 2024 and for the year then ended with independent auditor's report 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 Mandiri Utama Finance (MUF)

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