Active Commercial AidData Chinese Aid

Bank of China contributes $3 million USD to $33 million USD revolver tranche of $90.38 million USD syndicated multi-currency loan to PT Mitra Adiperkasa Tbk

$3M USD

Funder	Bank of China (BOC)
Recipient Organization	PT Mitra Adiperkasa
Country	Indonesia
Start Date	Jun 01, 2007
End Date	Dec 12, 2029
Duration	8,230 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`98659`

Grant Description

BOC contributions to 90.38 million USD syndicated loan to PT Mitra Adiperkasa Tbk In June 2007, PT Mitra Adiperkasa - a retail company managing over 600 stores in Indonesia - signed a $90.38 million three-year multi-currency loan with a syndicate of lenders. The facility is split into a ¥6.954 billion JPY term loan and a $33 million USD revolver.

Both tranches carried a maturity period of three years and an interest rate of 7.893% (average 6-month LIBOR + 250 basis points).

For the yen tranche, Mizuho lent ¥1.83 billion, ABN Amro and Standard Chartered each contributed ¥1.22 billion, Bank of Tokyo-Mitsubishi UFJ provided ¥976 million, Sumitomo Mitsui Banking Corp lent ¥488 million, Bank of Baroda and Krung Thai Bank each provided ¥366 million, and Bank of Taiwan and Indian Bank lent ¥244 million each.

For the US dollar tranche, Bank Negara provided $15 million, Bank Danamon Indonesia lent $10 million, Bank Internasional Indonesia provided $5 million and Bank of China provided $3 million.

📋 Staff Comments

1. For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

East Asia Syndicated Loans - News in Brief 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.