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Active Development AidData Chinese Aid

ICBC provides $160 million loan to Innovate Mas Indonesia for fiber-to-home projects

$160M USD

Funder Industrial and Commercial Bank of China (ICBC)
Recipient Organization Innovate Mas Indonesia
Country Indonesia
Start Date Apr 30, 2015
End Date Jul 19, 2026
Duration 4,098 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 62067
Grant Description

ICBC provides $160 million loan to Innovate Mas Indonesia for fiber-to-home projects On April 30, 2015, ICBC signed a $160 million loan facility agreement with Innovate Mas Indonesia (IMI) — a subsidiary of PT Dian Swastatika Sentosa Tbk — for ‘fiber-to-home (telecommunication) projects.

📋 Loan / Grant Terms
💰 Loan Amountcarries an 8 year maturity
📅 Maturity8 years
⏳ Grace Period3 years
📋 Staff Comments
  1. The Chinese project title is 之 FTTH 网 络建设项目.
  2. PT Dian Swastatika Sentosa Tbk is itself a subsidiary of Sinar Mas Group (a private company).
  3. One official source refers to the face value of the loan as $55,948,793. This issue merits further investigation4. 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.
📚 Sources & References
  • PT Dian Swastatika Sentosa Tbk dan Entitas Anak/and Its Subsidiaries
  • Annual Report 2016
  • Dian Swastatika Kantongi Utang dari ICBC US$160 Juta Artikel ini telah tayang di Bisnis.com dengan judul 'Dian Swastatika Kantongi Utang dari ICBC US$160 Juta'
  • Klik selengkapnya di sini: https://market.bisnis.com/read/20150504/192/429572/dian-swastatika-kantongi-utang-dari-icbc-us160-juta. Author: Sukirno Editor : Rustam Agus Download aplikasi Bisnis.com terbaru untuk akses lebih cepat dan nyaman di sini: Android: http://bit.ly/AppsBisniscomPS iOS: http://bit.ly/AppsBisniscomIOS
  • Breakfast News 05.05.15
  • DSSA Garap Proyek PLTU Kendari 3
  • PT Dian Swastatika Sentosa Tbk dan Entitas Anak/and Its Subsidiaries
  • 烽火通信科技股份有限公司 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

Innovate Mas Indonesia

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