Indonesia's EximBank exceeds financing target with $2.6B

Indonesia EximBank has booked Rp 25 trillion or $2.6 billion in total financing the third quarter, exceeding its full year target of Rp 24.5 trillion for this year.

According to Dwi Wahyudi, managing director of the company, the company’s financing comes from various industries such as rubber, crude palm oil and infrastructure sectors.

“The company provides loans to help the development of a port in East Java,” Dwi said, as it plans to lend up to $20 million for the project.

The company is also planning to sell Rp 2 trillion worth of bonds, of which the proceeds will be used to improve its financing business in Indonesia.

Indonesia Eximbank has selected Trimegah Securities, Danareksa Sekuritas and Standard Chartered Securities Indonesia to underwrite the debt sale.