JSMR Obtains Syndicated Loan

JSMR Obtains Syndicated Loan

Jasa Marga Tbk (JSMR) has obtained syndicated loan amounting to IDR 7.76 trillion to finance Pandaan-Malang and Manado-Bitung Toll projects. Both are targeted to be operation by 2019.

The Pandaan-Malang toll is worked by the company’s subsidiary, Jasa Marga Pandaan Malang with loan value of IDR 4.18 trillion, while the Manado-Bitung is worked by Jasa Marga Manado Bitung with loan value of IDR 3.59 trillion. The syndicated loan has 15 years tenor.

Bank Mandiri Tbk (BMRI), Bank BNI Tbk (BBNI), and Bank Central Asia Tbk (BBCA) take role as Joint Mandated Lead Arranger and Book Runner (JMLAB) for Pandaan-Malang Toll. The creditors consist of Bank ICBC Indonesia, Indonesia Eximbank and Bank Jateng.

BBNI, BBCA, BMRI and Sarana Multi Infrastruktur (SMI) become the Joint Mandated Lead Arranger and Book Runner (JMLAB) for Manado-Bitung Toll with the creditors consisting of Bank ICBC Indonesia, Bank Sulselbar, Bank RiauKepri, and Bank Jateng.

Jasa Marga Pandaan Malang is the joint venture company between JSMR with 60 percent stake, PT PP Tbk with 35 percent, and Sarana Multi Infrastruktur (SMI) with five percent. Meanwhile, Jasa Marga Manado Bitung consists of JSMR with 65 percent stake, Wijaya Karya Tbk (WIKA) with 20 percent, and PTPP with 15 percent. (*)

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