Offshore Syndicate
Offshore Syndicated USD LoanOffshore loan
Pacific Syndicate Lenders · Offshore Syndicate
Plafond
Rp 1,5 T
Outstanding
Rp 1,2 T
All-In CoF
13,44%
SPEC // 03
FACILITY LIMITS & COMMITMENT PARAMETERS
PlafondRp 1,5 T
OutstandingRp 1,2 T
Utilization80,0%
CommittedYes
RevolvingNo
CurrencyUSD
Minimum drawRp 150 M
Notice (days)10
Availability ends—
SPEC // 04
PRICING & ALL-IN COST OF FUNDS BREAKDOWN
Rate typefloating
Base rate4,35%
Spread3,25%
Upfront fee1,50%
Commitment fee0,40%
Prepayment penalty1,50%
Default interest2,00%
Interest frequencyquarterly
All-in: Interest7,60%
All-in: Upfront fee (amortized)0,50%
All-in: Commitment fee0,10%
All-in: Over-collateralization1,20%
All-in: Hedge cost3,20%
All-in: Withholding tax0,84%
All-in cost of funds13,44%
SPEC // 05
TENOR, AMORTIZATION & RENEWAL
MaturityWeek 157
Batch tenor—
Amortizationbullet
Renewal—
Renewal probability90%
SPEC // 06
FIDUSIA COLLATERAL & SECURITY
Coverage required100%
Max DPD eligible90 days
Substitution (days)10
Eligible segmentspos_phone, pos_appliance, cash, two_wheeler, multipurpose
SecurityNegative pledge; Corporate guarantee
SPEC // 07
FINANCIAL COVENANTS
| Covenant | Definition | Threshold | Tested |
|---|---|---|---|
| Gearing | Borrowings / (equity + subordinated loan - investments) | <= 8x | quarterly |
| NPL > 90 dpd | Receivables over 90 days past due / gross receivables | <= 4,0% | quarterly |
| Equity to assets | Total equity / total assets | >= 15,0% | quarterly |
| Borrowing to NSA | On- plus off-balance borrowings / net surplus assets | <= 1x | quarterly |
SPEC // 08
NEGATIVE COVENANTS
- New debt requires consent unless gearing < 10x
- No dividends while in breach
SPEC // 09
EVENT TRIGGERS
- Cross-default
- Hedge ratio below KPPK minimum
SPEC // 10
REPORTING OBLIGATIONS
- Quarterly compliance certificate
- Annual audited accounts
PT Nusantara Konsumer Finance · OJK POJK 35/46