PT Sarana Multi Infrastruktur (Persero), PT SMI, has successfully secured its inaugural Sustainability-Linked Syndicated Term Loan Facility, a substantial USD 700 million endeavor involving collaboration with esteemed banking partners across multiple regions. This loan aims to refinance a maturing USD 700 million facilities obtained in 2020.
A group of Mandated Lead Arrangers and book runners, including Bank of China (Hong Kong), CTBC Bank, DBS Bank, Mizuho Bank, MUFG Bank, and UOB supported this complex transaction. UOB served as the Coordinator and overall Sustainability Coordinator. Environmental Resources Management (ERM) provided a second-party opinion on Key Performance Indicators (KPI) and Sustainability Performance Targets (SPT).
Edwin Syahruzad, PT SMI’s President Director, expressed gratitude for the trust in PT SMI and highlighted the sustainability aspect of this innovative fundraising at a landmark transaction celebrated at a closing ceremony in Jakarta on September 13, 2023. Lim Lay Wah, Managing Director, affirmed the firm’s commitment to PT SMI’s role in Indonesia’s sustainable infrastructure development. The syndicated USD 700 million loans garnered approximately SD 1.80 billion in commitments. It aims to refinance existing projects and support infrastructure initiatives.