PT Chandra Asri Pacific (TPIA) secures a US$800 million syndicated loan to fund environmentally and socially sustainable projects, with the support of international banking partners.
The loan facility, which includes an option for a "greenshoe" expansion, is provided by a consortium of banking partners from Indonesia, Singapore, and Thailand.
The consortium includes key financial institutions such as Oversea-Chinese Banking Corporation Limited (OCBC), PT Bank Central Asia (BCA), PT Bank Danamon Indonesia (BDMN), Kasikornbank Public Company Limited, PT Bank Permata, PT Bank HSBC Indonesia, PT Bank Mandiri (BMRI), and Bank ICBC Indonesia. OCBC serves as the sole sustainability coordinator for the facility.
Tan Teck Long, Head of Global Wholesale Banking at OCBC, emphasized that the loan facility not only supports TPIA's growth in a sustainable manner but also aligns with OCBC's commitment to facilitating the transition to a low-carbon world.
Chief Financial Officer (CFO) of Chandra Asri Group highlighted that the financing aligns with the company's commitment to sustainable growth and its leadership in the chemical and infrastructure sectors.
"By integrating our financial strategy with sustainability goals, Chandra Asri Group aims to lead sustainable business practices," the CFO said in a media statement on July 30, 2024.
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