Active Commercial AidData Chinese Aid

Bank of China contributes to IDR 5 trillion syndicated loan agreement for Indonesia’s Waskita Karya (Linked to Record ID#98196)

$89.29M USD

Funder	Bank of China (BOC)
Recipient Organization	PT Waskita Karya (Persero) Tbk
Country	Indonesia
Start Date	Sep 01, 2017
End Date	Jan 28, 2031
Duration	4,897 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`98195`

Grant Description

BOC and China Construction Bank contributions to IDR 5 trillion syndicated loan for unspecified purposes In September 2017, Waskita Karya, an Indonesian construction company, signed an IDR 5 trillion loan agreement with a syndicate of nine banks.

The known financiers include Bank of China (Jakarta Branch) (captured in Record ID#98195) and China Construction Bank Indonesia (captured in Record ID#98196), among others. The lead arranger, Sumitomo Mitsui Bank Corporation, provided a loan of IDR 1.2 trillion to the syndicate.

AidData assumes that Bank of China contributed 25% of the total share of the loan based on observed amount outstanding for the loan.

📋 Loan / Grant Terms

💰 Loan Amountinclude a five-year maturity

📋 Staff Comments

1. Other than Sumitomo Mitsui Bank Corporation’s contribution of IDR 1.2 trillion, AidData staff now estimates the contributions by each individual banks based on the amount outstanding {{see in source #210139}}. Bank of China's contribution of the loan represents 25% of the total share, worth IDR 1.25 trillion.

📚 Sources & References

Waskita raises profile with Rph5tr syndication
Financial report 2017 Waskita karya
Financial report 2018 Waskita karya
Financial report 2019 Waskita karya
Financial report 2020 Waskita karya
Financial report 2021 Waskita karya 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.