Pertamina EP Cepu $1.846 billion financing

22/8/2019
Financing

$ 1.846 billion

Announced

22/8/2019


Overview:

  • A consortium of domestic and international lenders provided Pertamina EP Cepu with a $1.846 billion trustee borrowing scheme financing for the development of the Jambaran-Tiung Biru gas project.
  • The financing consisted of a $1.746 billion conventional facility and a $100 million Shariah-based wakala facility.
  • This marks the first-ever trustee borrowing scheme financing with a Shariah-based wakala facility in Indonesia.

Shah Shameer Ahmed - Researcher

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