Summary of Proposed Investment
Project Number
7109
Company Name
BUANA FINANCE, PT TBK
Date SPI Disclosed
Aug 29, 1995
Country
Indonesia
Industry
Financial Markets
Status
Completed
Sector
Leasing Services
Department
Regional Industry - FIG Asia & Pac
Environmental Category
FI
Previous Events
Approved : Feb 28, 1996
Signed : Mar 29, 1996
Invested : May 10, 1996
Project Description
SUMMARY OF PROJECT INFORMATION (SPI)
Project Name: Indonesia-PT BBL Dharmala Finance
Region: Asia
Sector: Capital Markets
Project No.: 007109
Projected Board Date: September 25, 1995
Company Name: PT BBL Dharmala Finance
Technical Partner and/or Major Shareholders:
The Company is a joint venture between Bangkok Bank and Dharmala Sakti Sejahtera. The former is the largest commercial bank in Thailand and the latter is the financial services holding company of the Dharmala Group, a large Indonesia business group with interest in a variety of industries. The Company is listed on the Jakarta Stock Exchange and 26.47% of its shares are held by the public.
Project Cost including Proposed IFC Investment:
Total Project cost: US$40 million
IFC A Loan of US$15 million and B Loan of US$25-35 million.
Location of Project and Description of Site:
The Company is headquartered in Jakarta, Indonesia and has branches in Java, Sumatra, Kalimantan and Sulawesi.
Description of Company and Purpose of Project:
PT BBL Dharmala Finance is one of the most profitable finance companies in Indonesia. The purpose of the project is to address the shortage of term finance for Indonesian finance companies as well as help the Company launch its first syndication of an unsecured loan in the international capital markets. The proceeds of the loan will be used to fund the Company''s leasing activities, which are directed at small- to medium-sized local companies.
Environmental Category and Issues:
This is a category FI project according to IFC''s environmental review procedure. The Company will be required to undertake a review of lessees'' environmental performance and compliance with Government of Indonesia environmental and occupational and health and safety laws, regulations and standards as well as World Bank policies. In addition, IFC will assess the Company''s ability to carry out environmental reviews.
Date SPI sent to PIC: August 29, 1995
For additional information contact: Corporate Relations Unit -
telephone (202) 473-7711
facsimile (202) 676-0365
Project Name: Indonesia-PT BBL Dharmala Finance
Region: Asia
Sector: Capital Markets
Project No.: 007109
Projected Board Date: September 25, 1995
Company Name: PT BBL Dharmala Finance
Technical Partner and/or Major Shareholders:
The Company is a joint venture between Bangkok Bank and Dharmala Sakti Sejahtera. The former is the largest commercial bank in Thailand and the latter is the financial services holding company of the Dharmala Group, a large Indonesia business group with interest in a variety of industries. The Company is listed on the Jakarta Stock Exchange and 26.47% of its shares are held by the public.
Project Cost including Proposed IFC Investment:
Total Project cost: US$40 million
IFC A Loan of US$15 million and B Loan of US$25-35 million.
Location of Project and Description of Site:
The Company is headquartered in Jakarta, Indonesia and has branches in Java, Sumatra, Kalimantan and Sulawesi.
Description of Company and Purpose of Project:
PT BBL Dharmala Finance is one of the most profitable finance companies in Indonesia. The purpose of the project is to address the shortage of term finance for Indonesian finance companies as well as help the Company launch its first syndication of an unsecured loan in the international capital markets. The proceeds of the loan will be used to fund the Company''s leasing activities, which are directed at small- to medium-sized local companies.
Environmental Category and Issues:
This is a category FI project according to IFC''s environmental review procedure. The Company will be required to undertake a review of lessees'' environmental performance and compliance with Government of Indonesia environmental and occupational and health and safety laws, regulations and standards as well as World Bank policies. In addition, IFC will assess the Company''s ability to carry out environmental reviews.
Date SPI sent to PIC: August 29, 1995
For additional information contact: Corporate Relations Unit -
telephone (202) 473-7711
facsimile (202) 676-0365
Sponsor / Cost / Location
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