PT SMI has been actively creating partnerships with both local and international banks/other financial institutions. This makes it possible for PT SMI to leverage its capital without solely relying on the capital markets. Each institution is a valued partner and we are grateful to explore more cooperation in the future to further accelerate the infrastructure development in Indonesia.
PT SMI obtained an offshore syndicated loan facility amounting USD 700 mio in 2020. This facility is the largest fundraising activity by PT SMI and supported by 27 banking partners originating from Indonesia, Singapore, Japan, Hong Kong, Taiwan, India, and South Korea. The process of this facility was supported by MUFG Bank Ltd, United Overseas Bank (UOB), Standard Chartered Bank, Bank of China (Hong Kong), and CTBC Bank Co., Ltd. as the Mandated Lead Arrangers & Bookrunners (MLAB).
Asian Development Bank is a regional development bank that is headquartered in Philippines. PT SMI obtained a two-step loan from ADB through the Government of Republic of Indonesia, for which channeled to PT SMI’s subsidiary, Indonesia Infrastructure Finance (IIF).
Agence Française de Développement (AFD) is the development bank of France that is focusing to fight poverty and promote sustainable development. AFD and PT SMI signed a loan facility with in 2015 and 2020, with a specific utilization purpose for renewable energy and energy efficiency infrastructure projects.
Bank Central Asia (BCA) is the biggest private bank in Indonesia. In March 2020, PT SMI and BCA signed the first loan facility agreement, denominated in IDR, to support PT SMI’s activities in financing infrastructure projects.
Bank of China (BOC) is one of the biggest state-owned commercial banks in China. PT SMI and BOC signed an IDR loan facility in 2019. The purpose of this loan is to support PT SMI in financing infrastructure projects.
CTBC is amongst the largest privately owned banks in Taiwan. PT SMI signed the first loan facility with CTBC in December 2019. The IDR facility is intended to support PT SMI’s financing activities.
Danamon is a listed Indonesian bank which majority of the shares are owned by MUFG Bank Ltd. It is one of the biggest banks in Indonesia. In June 2020, PT SMI signed an IDR loan facility with Danamon. PT SMI also has a USD facility from Danamon, which previously transferred from MUFG.
DBS is the largest bank in Southeast Asia by assets. Headquartered in Singapore, it operates across 18 markets, including Indonesia. PT SMI signed a revolving credit facility in IDR with DBS in early 2020. This is the first facility signed with the Bank.
HSBC is one of the largest banks in the world, headquartered in Hong Kong. PT SMI signed the first loan facility with HSBC in the last quarter of 2019. The IDR facility is intended to support PT SMI’s financing activities.
Mandiri is the largest bank in Indonesia, in terms of total assets. PT SMI and Mandiri signed an agreement in 2017, for a USD loan facility to support PT SMI’s financing activities.
Maybank, headquartered in Malaysia, is one of the largest bank in Southeast Asia. Its operation is focusing in Malaysia, Singapore, and Indonesia. PT SMI and Maybank Indonesia signed a USD loan facility agreement in 2018, which also includes a sharia hedging facility.
MUFG Bank, Ltd is Japan’s largest bank and one of the world’s largest. PT SMI and MUFG Bank, Ltd signed a USD loan facility and a structured JPY loan facility in 2018 to support PT SMI’s infrastructure project financing. The first loan facility signed with MUFG Bank, Ltd was in 2016.
Permata Bank is one of the biggest private banks in Indonesia. PT SMI and Permata Bank signed the first cooperation in June 2020. The IDR loan facility given is intended to support PT SMI’s financing activities.
United Overseas Bank is one of the largest bank in Southeast Asia, with more than 500 offices across 19 countries. PT SMI and UOB Indonesia signed USD loan facilities in 2017 and 2018 and an IDR revolving credit facility in 2018.