JAKARTA (Yosefardi) – PT Bank ICBC Indonesia issues global bonds worth US$500 million, used to fund its infrastructure projects and other long term projects.
The bond has tenor of 3 years, fully absorbed by its parent company ICBC Limited.
Bank ICBC will expand its loan to other strategic sectors such as export oriented industry, telecommunication, transportation, agriculture, and small-medium business.
As of November 2014, Bank ICBC’s loan reached Rp23.69 trillion, grew by 13.4% from the same period of 2013.