Bank Mandiri Lends Rp1.5tn to Indonesia Infrastructure
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State-owned Bank Mandiri is lending Rp1.5 trillion to Indonesia Infrastructure Finance (IIF) to help the non-bank financial institution support the acceleration of infrastructure development in Indonesia.
IIF president director Arisudono Soerono said the loan will used to finance several infrastructure projects that are commercially viable and feasible.
Bank Mandiri also gives IIF a treasury line facility with US$50 million limit to hedge the company’s transactions using foreign currencies.
The bilateral term loan is a non-revolving credit with that will mature in three year.
Bank Mandiri’s government & institutional director Kartini Sally said this is the second time the bank provided lending to IIF. In 2015, Mandiri disbursed Rp1 trillion loan to help IIF fast-track the completion of infrastructure projects in Indonesia.
Questions & Answers
Q.What is the purpose of Bank Mandiri's loan to Indonesia Infrastructure Finance?
What is the purpose of Bank Mandiri's loan to Indonesia Infrastructure Finance?
The loan from Bank Mandiri is intended to help Indonesia Infrastructure Finance support the acceleration of infrastructure development in Indonesia. Specifically, it will finance commercially viable and feasible infrastructure projects.
Q.What additional facility has Bank Mandiri provided to IIF?
What additional facility has Bank Mandiri provided to IIF?
Bank Mandiri has also given IIF a treasury line facility with a US$50 million limit. This facility is to help IIF hedge its transactions that involve foreign currencies.
Q.How long is the term for this bilateral loan?
How long is the term for this bilateral loan?
The current bilateral term loan provided by Bank Mandiri is a non-revolving credit facility. It has a maturity period of three years from the date of disbursement.
Q.Has Bank Mandiri lent money to IIF before this current agreement?
Has Bank Mandiri lent money to IIF before this current agreement?
Yes, this is not the first time Bank Mandiri has provided lending to IIF. In 2015, Mandiri disbursed a Rp1 trillion loan to support IIF in completing infrastructure projects more quickly.
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