ICBC contributes $20 million to $80 million syndicated loan to PT Elnusa Tbk

$20M USD

Funder	PT Bank ICBC Indonesia
Recipient Organization	PT Elnusa Tbk
Country	Indonesia
Start Date	Feb 21, 2018
End Date	Apr 19, 2030
Duration	4,440 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`96738`

Grant Description

ICBC contributions to 80 million USD syndicated loan for PT Elnusa Tbk general purpose financing On February 21, 2018, PT Elnusa Tbk entered into a $80 million syndicated loan with four banks including Sumitomo Mitsui Banking Corporation Singapore Branch / Bank Sumitomo Mitsui Indonesia, Bank of Tokyo-Mitsubishi UFJ (MUFG), ICBC Indonesia and UOB Indonesia (UOB) as Mandated Lead Arranger and Bookrunner.

It was divided into Tranche A and B, and would be used by Elnusa as general purpose financing and to finance the prospective projects of Elnusa subsidiaries for the next two years.

📋 Staff Comments

1. Individual contributions are unclear, Aiddata assumes equal contribution from all 4 banks

📚 Sources & References

Elnusa Signs USD80 Million Syndicated Loan Facility for 2018 Expansion 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.