40677 - Trans Corpora

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Summary of Investment Information

Project Number

40677

Company Name

TRANS CORPORA, PT

Date SPI Disclosed

Aug 3, 2018

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

Oct 1, 2018

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Mar 19, 2025

Department

Regional Industry - MAS Asia & Pac

Industry

Tourism, Retail and Property

Previous Events

Approved : Nov 30, 2018
Signed : Dec 5, 2018
Invested : Dec 19, 2018

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

The project involves a debt financing package to PT Trans Corpora (“Trans Corp” or “the Company”), a wholly owned subsidiary of CT Corp, which is one of Indonesia’s largest conglomerates and engaged in various sectors including tourism, leisure, retail, property, financial services, transportation and media. Trans Corp has three subsidiaries – Trans Lifestyle, Trans Entertainment and Trans Media. Trans Lifestyle has additional subsidiaries key of which is Trans Retail that has a central focus on retail activities and, to a lesser extent, property development and hotels. IFC’s investment will be used to (a) expand the retail and tourism (hotels) and related property components and for general corporate purposes corresponding to these activities, and (b) strengthen the Company’s balance sheet through lengthening of the maturities of some of its debt.

Associated Advisory Engagement

IFC intends to engage with the client in “green building” advisory to help assess and reduce the carbon footprint of some of its operations, namely retail and hotels.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	60.0
Equity

Development Impact

By expanding access to modern retail, tourism and leisure infrastructure in the country's less developed regions, the Project will (i) promote food affordability and safety, (ii) support SMEs along the retail value chain, (iii) improve job quality, increase wages and other associated benefits as well as female participation in the workforce, (iv) improve energy efficiency, especially in new buildings, through green building certification; (v) increase tax revenues for the government and (vi) enhance social and economic benefits from the development of integrated sustainable communities in under-served regions.

IFC's role will include (i) provision of long term financing and mobilization - in the form of A and Trust Loans, which will have longer maturities more suited for the Project operations and associated cash flows, (ii) acting as a catalyst to complete the required debt finance, (iii) providing its seal of approval which is expected to support the Company's plans of listing its retail subsidiary in the future, and (iv) enhancing the Project's environmental, social, health and safety standards through the application of best practices in areas such as energy and waste management, food safety, life and fire safety as well as energy efficiency of buildings.

E&S Category Rationale / Risks and Mitigation

The project is defined as a Category B according to IFC's Policy of Environmental and Social (E&S) Sustainability because a limited number of specific E&S impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. Key E&S issues relate to; i) ensuring compliance with national legislation for the development of facilities and during operations; ii) supply chain management; iii) the systems to ensure key environmental aspects such water supply, waste storage and handling, and materials handling are adequately managed and monitored; iv) human resource management; v) energy efficiency; vi) general hygiene and food safety; vii) application of adequate design standards to the developments including that related to life and fire safety; viii) emergency preparedness and response; and viii) security control at key areas such as in the theme parks.

Contacts

For Inquiries About the Project, Contact

PT Trans Corpora
Mr. Ashish Saboo
Director, Business Development
+62-21-7917 5533
ashish.saboo@ctcorpora.com
Menara Bank Mega, 24th Floor Jl. Kapt. P. Tendean Kav. 12-14 A, Jakarta 12790
www.ctcorpora.com

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Local Access of Project Documentation

The SII will be disclosed locally at the following address:

CT Corp Head Office

Menara Bank Mega, 24th Floor

Jl. Kapt. P. Tendean Kav. 12-14 A, Jakarta 12790

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. Its purpose is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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