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CDB provides RMB 1.9 billion loan (Tranche B) to Bank Negara Indonesia for infrastructure construction activities (Linked to Record ID#66755)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | PT Bank Negara Indonesia (Persero) |
| Country | Indonesia |
| Start Date | Sep 16, 2015 |
| End Date | Jul 26, 2030 |
| Duration | 5,427 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 66756 |
Grant Description
CDB provides RMB 1.9 billion loan (Tranche B) to Bank Negara Indonesia for infrastructure construction activities On September 16, 2015, China Development Bank (CDB) and Bank Negara Indonesia (BNI)— an Indonesian state-owned bank — signed a $1 billion facility (loan) agreement for infrastructure construction activities.
Its final maturity date was September 16, 2025. The loan was divided into two facilities.
As of December 31, 2017, the amount outstanding under Tranche A stood at $697 million. As of December 31, 2018, it stood at $651 million.
As of December 31, 2017, the amount outstanding under Tranche B stood at RMB 1.903 million. As of December 31, 2018, it stood at RMB 1.776 million.
Staff Comments
- On September 16, 2015, China Development Bank signed multiple loan agreements worth $3 billion with three of Indonesia's state owned banks: Bank Mandiri, Bank Rakyat Indonesia and Bank Negara Indonesia in order to support infrastructure construction activities in Indonesia. Each bank secured a $1 billion loan (70% denominated in USD and 30% denominated in RMB) with a 10-year maturity and 3-year grace period. These loans disbursed in October, November, and December of 2015. Each of the following sub-projects total to $1 billion: (1) Bank Mandiri's USD tranche is captured in Project ID#66753 and the RMB tranche part is captured in Project ID#66754; (2) Bank Negara Indonesia's USD tranche is captured in Project ID#66755 and the RMB tranche is captured in Project ID#66756; and (3) Bank Rakyat's USD tranche is captured in Project ID#66757 while its RMB tranche is captured in Project ID#66758.
- None of these CDB loans to Bank Mandiri, Bank Rakyat Indonesia and Bank Negara Indonesia are included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
- 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
- 国开行：推进中印尼合作标志性项目建设
- 印尼3家国营银行获中国国家开发银行30亿美元贷款
- Annual Report 2018
- House questions use of loan facility from Chinese Bank
- China's Overseas Development Finance
- Brief Summary/Kesimpulan Singkat Working Group on Oil
- Gas and Coal
- Annual report 2016 Bank Negara Indonesia (BNI)
- Annual report 2019 Bank Negara Indonesia (BNI)
- Annual report 2020 Bank Negara Indonesia (BNI)
- Annual report 2022 Bank Negara Indonesia (BNI)
- Annual report 2023 Bank Negara Indonesia (BNI) 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 Bank Negara Indonesia (Persero)
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