Active Development AidData Chinese Aid

Bank of China (Hong Kong) contributes $20 million to $200 million syndicated loan to PT Bank Rakyat Indonesia in October 2020 for unspecified purposes (Linked to Record ID#97832, #97833, and #97807)

$20M USD

Funder	Bank of China (Hong Kong) Limited (BOCHK)
Recipient Organization	PT Bank Rakyat Indonesia (Persero) Tbk
Country	Indonesia
Start Date	Oct 14, 2020
End Date	Jul 31, 2026
Duration	2,116 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`97834`

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 $200 million (‘facility B’) 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 24-month maturity (final maturity date: August 5, 2022).

The participating banks were Bank of China (Hong Kong) Limited ($20 million), BNP Paribas, Singapore branch ($50 million), CTBC Bank, Co., Ltd. ($10 million), Sumitomo Mitsui Banking Corporation, Singapore branch($50 million), and United Overseas Bank Limited ($70 million).

📋 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. CDB's contribution to Facility C is captured via Project ID#97807.

📚 Sources & References

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
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 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.