ICBC contributes $65 million in $600 million syndicated loan tranche to Indonesia Eximbank for on-lending purposes in May 2019

$65M USD

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	PT Lembaga Pembiayaan Ekspor Indonesia (LPEI)
Country	Indonesia
Start Date	May 15, 2019
End Date	Feb 05, 2032
Duration	4,649 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`96328`

Grant Description

ICBC and CDB contributions to 900 million USD syndicated loan for to Indonesia Eximbank for on-lending purposes On May 15, 2019, Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank or LPEI) — an Indonesia state-owned bank — signed a $900 million syndicated loan with a group of Chinese and non-Chinese banks for on-lending purposes.

The loan consisted of two tranches: a $600 million tranche known as ‘Tranche A’ and a $300 million tranche known as ‘Tranche B’. The final maturity date of Tranche A is June 23, 2022.

China Development Bank (CDB) and the Industrial and Commercial Bank of China (ICBC) each contributed $65 million to Tranche A.

📚 Sources & References

Indonesia Eximbank Gets US $580mn Foreign Loans from Two Financial Institutions
Annual Report 2020 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.