Active Mixed AidData Chinese Aid

ICBC contributes to a $158 million USD-IDR equivalent denominated series five facility tranche to PT Tower Bersama Infrastructure Tbk (linked to Record ID#98697)

$17.56M USD

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	PT Tower Bersama Infrastructure Tbk
Country	Indonesia
Start Date	Aug 02, 2012
End Date	Nov 17, 2033
Duration	7,777 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`98696`

Grant Description

ICBC and BOC 2012 contributions to 150 million USD-IDR equivalent denominated series five facility tranche to PT Tower Bersama Infrastructure Tbk On August 2, 2012, ICBC contributed to a $158 million USD-IDR equivalent denominated series five facility tranche to PT Tower Bersama Infrastructure Tbk.

This tranche had a maturity period of five years and was part of a loan that also had a $166 million USD series four-dollar facility (five-year maturity) for a total debt of $374 million USD. These loans were used for the acquisition of 2,500 towers of Indosat and capital expenditure purposes.

The participants in the dollar tranche were OCBC, DBS, Crédit Agricole, BTMU, CIMB, Bank of East Asia, SMBC, Cathay United Bank, and HSBC, while the rupiah tranche brought in ANZ, UOB, Bank Central Asia, Bank Negara, ICBC, Bank Danamon, QNB, OCBC and Bank of China.

📋 Staff Comments

1. Since no further information was found, Aiddata assumes that each financer contributed equally.

📚 Sources & References

Asia-Pacific Telecoms Deal of the Year 2012: Tower Bersama 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.