Bankability Overview
| Document Owner | PT Sapta Borneo Utama |
|---|---|
| Approved By | President Director |
| Classification | Controlled Document – Confidential |
| Custodian | Corporate Secretary & Data Room Administrator |
| Retention Period | Minimum 10 Years |
| Distribution | Authorized Parties Only |
| Effective Date | 13 June 2026 |
| Review Date | 13 June 2027 |
| Assessment Area | Status |
| Project Scale | Institutional Scale |
| Revenue Model | Diversified |
| Security Package | Structured |
| Debt Service Coverage | Base Case DSCR 1.30x |
| Technical Package | Available |
| Legal Package | Available |
| ESG Package | Available |
| Document Status | Approved & Active |
| Supersedes | None |
| Publication Status | Institutional Data Room Release |
Bankability Strengths
- USD 1 billion project size suitable for institutional project finance.
- Integrated sugar, ethanol, biomass power and carbon credit platform.
- Structured equity and senior debt financing model.
- Comprehensive BOQ, EPC, financial model and lender documentation.
- Security package, DSRA, cash waterfall and lender monitoring framework.
Key Credit Considerations
| Item | Assessment |
|---|---|
| Construction Risk | Mitigated through EPC, monitoring and milestone controls. |
| Feedstock Risk | Supported by core and plasma plantation strategy. |
| Operating Risk | Supported by O&M strategy and technical workstream. |
| Financial Risk | Managed through DSCR, DSRA, cash waterfall and reporting framework. |
| Legal Risk | Managed through legal due diligence and security documents. |
Bankability Conclusion
The project demonstrates a structured basis for institutional lender review, subject to final third-party due diligence, independent engineer confirmation, legal verification, insurance review, final financing documentation and credit committee approval.
Document Information
| Controlled Copy | Electronic Controlled Copy |
|---|---|
| Custodian | Corporate Secretary & Data Room Administrator |
| Retention Period | Minimum 10 Years |
| Distribution | Authorized Parties Only |
| Document Owner | PT Sapta Borneo Utama |
| Document Title | Project Bankability Assessment |
| Document No. | SBU-BANK-003 |
| Document Classification | Confidential |
| Status | Final / Published |
| Prepared For | Lenders, ECAs, Institutional Investors and Strategic Partners |
| Date | June 2026 |
Revision History
| Version | Date | Document No. | Status | Description |
|---|---|---|---|---|
| 1.0 | June 2026 | SBU-BANK-003 | Final / Published | Project Bankability Assessment issued for institutional lender data room publication. |
Document Approval Matrix
| Role | Name | Status |
|---|---|---|
| Document Owner | Project Finance Division | Approved |
| Compliance Review | Corporate Secretariat | Approved |
| Executive Approval | Board of Directors | Approved |