Bank Jabar Banten Syariah (Bank BJB Syariah) has facilitated a significant sharia syndicated financing deal worth Rp3.24 trillion to support the expansion of PT OKI Pulp & Paper Mills’ production capacity. OKI, a major part of the Sinarmas Paper group and one of the world’s largest pulp and paper manufacturers, is located in Ogan Komering Ilir, South Sumatra.
This financing initiative involves a collaboration between 13 sharia financial institutions, with Bank BJB Syariah acting as the lead arranger and bookrunner. Other participating banks include PT Sarana Multi Infrastruktur (Persero), PT Bank Aceh Syariah, PT Bank Kepri Syariah, PT Bank Nano Syariah, PT Bank Nagari, and several other regional banks across Indonesia.
The financing will be used to refinance strategic assets for OKI, including key machinery like the Power Boiler, Turbine Generator, and tissue paper production facilities. This deal, with a 60-month tenor, is expected to boost OKI’s production capacity to 6 million tons per year for pulp and paper and 500 thousand tons per year for tissue by 2025.
This collaboration highlights Bank BJB Syariah’s leadership in the national sharia banking sector and its ability to manage large-scale financing projects that promote industrial growth and sustainability in Indonesia. The project also demonstrates the competitive edge and capacity of sharia banking in contributing to national economic development.
Bank BJB Syariah has disbursed a syndicated financing package of Rp3.24 trillion to Sinarmas Paper’s subsidiary, PT OKI Pulp & Paper Mills. This financing will support the expansion of OKI’s production capacity. The collaboration involves 13 sharia financial institutions, with Bank BJB Syariah taking a central role as the Mandated Lead Arranger & Bookrunner (MLAB). This initiative aims to refinance key assets, including machinery for pulp, paper, and tissue production, enhancing OKI’s annual production capacity to 6 million tons of pulp and paper and 500,000 tons of tissue by 2025. This strategic financing demonstrates the growing role of sharia banking in supporting large-scale national projects, contributing to the growth of Indonesia’s industrial and economic sectors.
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