China Construction Bank contributes to IDR 5 trillion syndicated loan agreement for Indonesia’s Waskita Karya (Linked to Record ID#98195)

$28.57M USD

Funder	PT Bank China Construction Bank Indonesia
Recipient Organization	PT Waskita Karya (Persero) Tbk
Country	Indonesia
Start Date	Sep 01, 2017
End Date	Nov 11, 2030
Duration	4,819 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`98196`

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#98195), among others. The lead arranger, Sumitomo Mitsui Bank Corporation, provided a loan of IDR 1.2 trillion to the syndicate.

Based on observed amount outstanding data, China Construction Bank Indonesia's total share of the loan is estimated to be IDR 400 billion, or 8%.

📋 Loan / Grant Terms

💰 Loan Amountinclude a five-year maturity

📋 Staff Comments

1. Based on observed data for amount outstanding, AidData staff now assumes that China Construction Bank's total share of the loan is 8% (IDR 400 billion).

📚 Sources & References

Waskita raises profile with Rph5tr syndication 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.