KONTAN.CO.ID - JAKARTA. PT Indomobil Finance Indonesia (IMFI) received syndicated funding worth US$ 400 million. These loans were obtained from various banks domiciled at home and abroad. This syndication was obtained from 33 participating banks from nine countries.

The nine countries include Taiwan, Indonesia, Malaysia, Singapore, Japan, China, Korea, the Philippines and India. Initially, this syndicated loan was launched with a plan of US$ 250 million via a greenshoe option. But it turns out that the offer received a good response from creditors so that the total demand from creditors reached US$ 798 million or oversubscribed 3.2 times.

In a release, IMFI explained that it would only absorb US$ 400 million taking into account needs and requirements. Funds from this syndicated loan are used for financing in the next year. IMFI will also hedge against exchange rate risks and interest rate fluctuations.

This loan is the 13th loan obtained by IMFI. Total loans since the first syndicated loan reached US$ 2.88 billion. Meanwhile, the total loans that have been repaid amounted to US$ 1.92 billion or around 82.68% of the total loans.

To support the implementation of this funding activity, IMFI appointed Sumitomo Mitsui Banking Corporation Singapore Branch / PT Bank BTPN Tbk, Bank of China (Hong Kong) Limited/Bank of China (Hong Kong) Limited Jakarta Branch, CIMB Bank Berhad, Singapore Branch/PT Bank CIMB Niaga Tbk, CTBC Bank Co., Ltd, DBS Bank Ltd., PT Bank Mandiri Tbk, Mizuho Bank Ltd/PT Bank Mizuho Indonesia, Oversea-Chinese Banking Corporation Limited and RHB Bank Berhad as Original Mandated Lead Arrangers and Bookrunners. Meanwhile, acting as Facility Agent is CTBC Bank Co., Ltd and the Bank Account is PT Bank CTBC Indonesia.

The institutions participating in the syndication this time are as follows:
1. Sumitomo Mitsui Banking Corporation, Singapore Branch / PT Bank BTPN Tbk
2. Bank of China (Hong Kong) Limited / Bank of China (Hong Kong) Limited, Jakarta
Branch
3. CIMB Bank Berhad, Singapore Branch / PT Bank CIMB Niaga Tbk
4. CTBC Bank Co., Ltd
5. DBS Bank Ltd
6. PT Bank Mandiri (Persero) Tbk
7. Mizuho Bank, Ltd. / PT Bank Mizuho Indonesia
8. Oversea-Chinese Banking Corporation Limited
9. RHB Bank Berhad
10. The Korea Development Bank, Singapore Branch
11. First Commercial Bank, Offshore Banking Branch
12. Hua Nan Commercial Bank, Ltd., Offshore Banking Unit / Hua Nan Commercial Bank,
Ltd., Singapore Branch
13. Land Bank of Taiwan
14. PT Bank Rakyat Indonesia (Persero) Tbk
15. PT Bank Tabungan Negara (Persero) Tbk
16. Taiwan Cooperative Bank, Offshore Banking Branch
17. Taipei Fubon Commercial Bank Co., Ltd. Singapore Branch
18. PT Bank Maspion Indonesia, Tbk
19. Bank of the Philippine Islands
20. Taishin International Bank
21. Taiwan Business Bank Ltd., Offshore Banking Branch
22. PT Bank SBI Indonesia
23. The Shanghai Commercial & Savings Bank, Ltd. Offshore Banking Branch
24. Bank of Panhsin
25. Bank of Taiwan, Singapore Branch
26. Chang Hwa Commercial Bank Ltd. Offshore Banking Branch
27. Mega International Commercial Bank Co., Ltd., Offshore Banking Branch
28. PT Bank KEB Hana Indonesia
29. PT Bank Mayapada Internasional, Tbk
30. Taiwan Shin Kong Commercial Bank Co., Ltd.
31. E. Sun Commercial Bank, Ltd.
32. PT Bank Woori Saudara Indonesia 1906, Tbk
33. The Hyakugo Bank, Ltd.