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AGENDA
02 IIF Overview
AGENDA 1
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REMAINING MAIN ISSUES IN FINANCING
CONSTRUCTION
1. Some new greenfield toll road projects are less 1. MDBs and/or SMI/IIF can provide a financing solution
attractive than the operating and/or under construction that can work complementary to the existing bank
projects; financing; which can involve among others, longer grace
period, longer tenor financing, subordination.
2. Limited (financing) capacity for good, experienced and 2. Further capitalization of good construction companies
reputable construction company; through innovative financing solution, such as
Mandatory Convertible Bonds, Perpetual Bond, etc.
3. Some banks / financial institutions starts to reach legal 3. Asset recycling becomes key solution in the near future.
lending limits to the good and bankable construction Recent development includes FRBS, Project Bonds,
companies; RDPT Equity, etc.
4. Due to currency mismatch, foreign banks are limited to 4. IIF is developing together with World Bank Group, a
participate in the financing liquidity facility to partially mitigate adverse foreign
currency mismatch between USD-loan and IDR-revenues
project.
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REMAINING MAIN ISSUES IN FINANCING
OPERATION
1. Some projects need to have additional cashflow 1. Cash Deficiency Support from third party and/or
injections from shareholders during ramp-up period; application of subordinated facility can provide solution
for cashflow during ramp-up period.
2. There are limited availability of long term IDR financing, 2. Again, asset recycling for mature, operating assets can
when compared to the concession period; provide the solution. Creative funding solution such as
take-out guarantee can also be applied.
3. Limited application of project financing for toll road 3. Project Financing starts to gain more familiarity among
projects; project developers. Need for successful showcases.
4. Banks/financial institutions are focussed on good toll 4. Credit enhancement and better structured financing
road concession holders but less on new developers; tailored to the project cashflow will increase the credit
profile of the project;
5. Limited participation from the capital market in this 5. Regulatory as well as non-regulatory solution. Need for
sector. a good showcase projects.
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BOTTOM LINE: COLLABORATION
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Agenda 2
IIF Overview
IIF PROFILE AND BUSINESS ACTIVITIES
Government of Indonesia
100.00%
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ELIGIBLE INFRASTRUCTURE SECTORS
Electricity Irrigation
• Health Facility
• Penintiary Facility
• Public Housing
• WASTE: Waste Management System
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IIF’S NOTABLE ACHIEVEMENTS
Mandated Lead Arranger dan Bookrunner for PPP Project – SPAM Umbulan.
The first PPP project in water sector that reached financial close after delayed for
more than 40 years, to deliver 4,000 lps bulk water to 5 cities/regencies.
Komodo Bond
The first issuance of IDR denominated Global Bond.
The fund proceed is used by the issuer to further develop toll road network in Indonesia.
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Our Address
PT INDONESIA INFRASTRUCTURE FINANCE
Prosperity Tower 53-55 Floor, SCBD Lot. 28
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190, Indonesia
Contact Us
Tel +62 21 5082 6600
Fax +62 21 5082 6601