Active Development AidData Chinese Aid

CDB contributes $129 million to $300 million syndicated loan in October 2020 for unspecified purposes (Linked to Record ID#97833, 97834, and 97807)

$129M USD

Funder	China Development Bank (CDB)
Recipient Organization	PT Bank Rakyat Indonesia (Persero) Tbk
Country	Indonesia
Start Date	Oct 14, 2020
End Date	Aug 22, 2032
Duration	4,330 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`97832`

Grant Description

CDB and BOC contributions to USD 300 million syndicated loan for unspecified purposes On October 14, 2020, PT Bank Rakyat Indonesia (Persero) Tbk — an Indonesian state-owned bank — made a $300 million (‘facility A’) withdrawal under a $800 million syndicated loan facility for unspecified purposes.

The borrowing carried an interest rate of three-month LIBOR plus an unspecified margin and a 9-month maturity (final maturity date: July 30, 2021).

The participating banks were China Development Bank, Hong Kong branch ($129,000,000), MUFG Bank Ltd ($48,000,000), PT Bank Mizuho Indonesia ($30,000,000), CTBC Bank, Co., Ltd., Singapore branch ($30,000,000), Bank of China (Hong Kong) Limited ($33,000,000), Citibank, N.A., Indonesia branch ($27,000,000), Wells Fargo Bank ($900,000), The Hyakugo Bank, Ltd. ($600,000), PT Bank Permata Tbk ($600,000), DZ Bank AG, Deutsche Zentral ($900,000).

📋 Staff Comments

1. CDB and BoC's respective contributions to Facility A of the 800 million USD syndicated loan facility are captured via Project ID#97832 and #97833. BoC's contribution to Facility B is captured via Project ID#97834. CDB's contribution to Facility C is captured via Project ID#97807.

📚 Sources & References

PT Bank Rakyat Indonesia (Persero) Tbk and its Subsidiaries Interim consolidated financial statements as of June 30, 2021 and for the six-month period then ended with report on review of interim financial information
PT Bank Rakyat Indonesia (Persero) Tbk and its Subsidiaries Consolidated financial statements as of December 31, 2022 and for the years then ended with independent auditors’ report 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.