Bank of China contributes to USD $66 million syndicated loan to PT Wahana Ottomitra Multiartha (WOM Finance)

$9.43M USD

Funder	Bank of China (BOC)
Recipient Organization	PT Wahana Ottomitra Multiartha (WOM Finance)
Country	Indonesia
Start Date	Nov 01, 2006
End Date	Dec 11, 2029
Duration	8,441 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`98529`

Grant Description

Bank of China contributions to USD 66 million syndicated loan to PT Wahana Ottomitra Multiartha In November 2006, Bank of China contributed to a $66 million USD syndicated loan to PT Wahana Ottomitra Multiartha (WOM Finance), a motorcycle financing firm.

Other contributors include Bayerische Hypo-und Vereinsbank AG's Singapore branch, PT Bank Panin, United Overseas Bank of Singapore, State Bank of India and MayBank and Indocorp. Bayerische Hypo-und Vereinsbank was the lead arranger. This loan carried a maturity period of three years. The proceeds were to be used help support the company's target of 4 trln rupiah in new financing this year.

📋 Staff Comments

1. The exact size of Bank of China's financial contribution to the $66 million syndicated loan are unknown. For the time being, AidData assumes that all 7 members of the lending syndicate contributed equal amounts ($9,428,571.43).

📚 Sources & References

Indonesia's WOM Finance signs 66 mln usd syndicated loan deal 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.