Trans Corpora (IFC-40677)

  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
The Project will be located across several cities in Indonesia.
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 1, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 275.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 275.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Corporate Actor Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS May 7, 2020

Disclosed by Bank Aug 3, 2018

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Project Description

The project funds PT Trans Corpora (“Trans Corp” or “the Company”), a wholly owned subsidiary of CT Corp, which is one of Indonesia’s largest conglomerates and engaged in various sectors including tourism, leisure, retail, property, financial services, transportation, and media.

Trans Corp has three subsidiaries – Trans Lifestyle, Trans Entertainment and Trans Media. Trans Lifestyle has additional subsidiaries key of which is Trans Retail focuses on retail activities and, to a lesser extent, property development and hotels.

IFC’s investment will be used to: (a) expand the retail and tourism (hotels) and related property components and for general corporate purposes corresponding to these activities, and (b) strengthen the Company’s balance sheet through lengthening of the maturities of some of its debt.

Investment Description
  • International Finance Corporation (IFC)

IFC is assisting the Company to arrange the entire debt of US$275 million being raised for the Project. 

IFC’s proposed investment will comprise:

(a) an A loan of up to US$75 million for its own account; and

(b) a mobilization of : 

           (i) a trust loan of up to US$106.25 million from the Hong Kong Monetary Authority / SAFE through the Managed Co-Lending Portfolio Program - "Trust Loans"; 

           (ii) B loans of up to US$125 million. 

The final amounts of the A Loan, Trust Loans and B Loans will be determined among all lenders and the Company so that the aggregate loan amount does not exceed US$275 million.

Private Actors

The Company earns profits from its retail operations but also from hotels, shopping malls, theme parks and media businesses. Trans Retail is currently operating 110 hypermarkets and supermarkets in 51 cities across the country (some of which under the French Carrefour brand) as well as distribution centres.

The Company is seeking to expand its footprint by opening new modern stores in more cities for the middle-class customers. At the same time, it will expand its wholesale services for small store owners and increase its purchases of local products from many small and medium-sized (“SME”) farmers and suppliers located in these regions. The Company is also investing in new hotels mainly for local and regional tourists.

The Project Sponsor is Mr. Chairul Tanjung who, along with his family, wholly own CT Corp, the parent. Mr. Tanjung, who founded the group in 1987, is a well-known Indonesian businessman.

Contact Information

1/The Project Contact

PT Trans Corpora 
Mr. Ashish Saboo 
Director, Business Development 
+62-21-7917 5533 
Menara Bank Mega, 24th Floor Jl. Kapt. P. Tendean Kav. 12-14 A, Jakarta 12790 

2/ The IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

3/Local Access for Project Documentation

The SII will be disclosed locally at the following address:

CT Corp Head Office

Menara Bank Mega, 24th Floor

Jl. Kapt. P. Tendean Kav. 12-14 A, Jakarta 12790



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