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Host Country: Indonesia |
Industry/Sector: Energy |
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Sponsor: Tsingshan Group |
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Borrower: PT.Indonesia Tsingshan Stainless Steel |
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Total Investment: USD 832.8mln |
Debt Amount: USD 574mln |
Financing Terms: 10 Years |
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Purpose of Financing: |
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Construction of the Project |
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Guarantee Structure: |
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Mortgage of Project Assets, Company Guarantee, Individual Guarantee, Real Estate Mortgage, Pledge of Shares of Affiliated Companies. |
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Participating Banks and Roles: |
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China Development Bank acts as the Arranger, Original lender, and Offshore Security Agent. Bank of China Limited, Jakarta Branch acts as Facility Agent and Onshore Security Agent. |
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Overview and Highlight of Project: |
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The Project is located in Indonesia Morowali Industrial Park. The Project is the first one in Indonesia Morowali Industrial Park to produce 1 million tons of stainless steel capacity per year. At present, the Indonesia Morowali Industrial Park has developmented into the largest production cluster of stainless steel enterprises with the largest industrial chain and the lowest cost, and also improved the employment and livelihood of local people.
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Awards or Public Evaluation: |
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N/A |
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Other Information: |
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N/A |
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