ICBC Indonesia contributes to IDR 8.8 trillion syndicated loan for refinancing of the Cikampek-Palimanan Toll Road (Linked to Record ID#61401)

$26.14M USD

Funder	PT Bank ICBC Indonesia
Recipient Organization	PT Lintas Marga Sedaya
Country	Indonesia
Start Date	Sep 17, 2018
End Date	Jul 04, 2028
Duration	3,578 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`61419`

Grant Description

ICBC contributions to IDR 366 billion syndicated loan for Cikopo-Palimanan Toll Road Project On September 17, 2018, ICBC Indonesia contributed IDR 366 billion to the IDR 8.8 trillion syndicated loan for refinancing of the Cikampek-Palimanan Toll Road. This loan will refinance the loan facility provided in 2012 for the construction of the Cikampek-Palimanan Toll Road.

The loan carries a 15-year maturity.

📋 Loan / Grant Terms

💰 Loan Amountterms are unknown

PT Bank Central Asia Tbk (BCA) acted as Mandated Lead Arranger and Bookrunner, facility agent, and collateral agent.

Sarana Multi Infrastruktur and Bank Mandiri were lead arrangers, Bank Panin and Indonesia Infrastructure Finance were arrangers, and Bank BJB, Bank DKI and Bank ICBC Indonesia were participants.

📚 Sources & References

Annual Report 2018
Lintas Marga Sedaya secures Rp 8.88 trillion of syndicated loan
Cikampek-Palimannan Toll Road (116KM) PPP Refinancing
Toll Road Construction and Operation & Maintenance of 116km in West Java 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.