BOC contributes $26.6 million to $133 million syndicated loan to PT Elnusa Tbk

$26.6M USD

Funder	Bank of China (BOC)
Recipient Organization	PT Elnusa Tbk
Country	Indonesia
Start Date	Feb 01, 2012
End Date	Jul 15, 2030
Duration	6,739 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`96732`

Grant Description

Bank of China contributions to 133 million 2012 syndicated loan for PT Elnusa Tbk In February 2012, PT Elnusa Tbk - part of the state-owned Pertamina group - entered into a syndicated loan of $133 million with five banks including PT Bank Central Asia Tbk. (BBCA) act as the Mandated Lead Arranger, Indonesia Eximbank as Lead Arranger, Bank Chinatrust Indonesia, Bank Mizuho Indonesia and Bank of China Jakarta Branch (BOC) as Arranger.

Part of the loan will be used for the company's refinancing.

📋 Staff Comments

1. Individual contributions are unclear, Aiddata assumes equal contribution from all 5 banks.

📚 Sources & References

Elnusa Succeed Kept Down Interest Rate for $6,7 Million
Elnusa to save $6.7m through refinancing
Signing of the Syndicated Facility Agreement worth USD113 million with PT Bank Central Asia Tbk 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.