Bank DBS Indonesia & China supports Zhongce Rubber in accelerating its global expansion with successful syndicated loan and cross-border financing | Bahasa
Indonesia, 28 Jan 2026 - DBS Bank has successfully supported Zhongce Rubber Group Co., Ltd. (“Zhongce Rubber”), China’s largest tire manufacturer, in arranging a three-year syndicated loan for its Indonesian subsidiary, PT Matahari Tire Indonesia. In parallel, Bank DBS Indonesia also provided a bilateral USD bridge loan, complemented by financing and cross-currency swap solutions, comprehensively addressing the company’s funding requirements for factory construction and working capital in Indonesia.
The three-year syndicated facility totals USD 100 million and RMB 1.05 billion, with an additional RMB 395 million greenshoe option. The financing aims to support Zhongce Rubber’s construction of its second overseas manufacturing base in Indonesia—a key step in deepening its global strategy. In this transaction, DBS Bank China acted as Mandated Lead Arranger (MLA). Leveraging its efficient cross-border collaboration framework and building on the long-standing localized relationship between DBS Hangzhou Branch and Zhongce Rubber, the bank swiftly mobilized teams across China, Singapore, and Indonesia to complete the entire process—from funding and approval to disbursement—at “China speed.” This seamless execution ensured the smooth advancement of the client’s overseas project and fully demonstrated DBS’s integrated “One Bank” service advantage and agile execution capabilities in supporting Chinese enterprises’ international expansion.
To meet the client’s immediate liquidity needs and align with its actual currency usage requirements, Bank DBS Indonesia also arranged a bilateral bridge loan. Additionally, through tailored financing solutions, Bank DBS Indonesia precisely addressed the client’s onshore treasury management needs, helping mitigate foreign exchange risks, and operational complexities arising from multi-currency conversions, while significantly enhancing financing flexibility and cost efficiency.
“These integrated cross-product and cross-market solutions not only reflect Bank DBS Indonesia’s capabilities in cross-border financing and investment, treasury management, and foreign exchange risk mitigation, but also reaffirm our commitment to supporting foreign investment flows into Indonesia. With a strong economic foundation, a strategic position in Asia, and a continuously growing industrial ecosystem, Indonesia holds significant potential as a global investment destination, particularly in the manufacturing sector and the automotive value chain. Going forward, we will continue to deepen our sector expertise as a trusted partner to help global investors build sustainable operations and resilient supply chains in Indonesia,” said Head of Institutional Banking Group, PT Bank DBS Indonesia Anthonius Sehonamin.
“Bank DBS Indonesia is committed to being a trusted partner for clients in navigating various market dynamics and uncertainties. We achieve this through a strong understanding of our clients’ businesses, enabling us to tailor bespoke risk management solutions, which are supported by robust execution capabilities. We combine our understanding of the Indonesian financial markets with DBS Bank's global product platform to deliver cutting-edge financial solutions to our clients. We remain committed to supporting the growth of our clients as economic and trade cooperation between China and Indonesia increases,” said Managing Director & Country Head, Global Financial Markets Bank DBS Indonesia Puneet Punj.
Zhongce Rubber is primarily engaged in the research and development, manufacturing, and sales of tires. Its products are distributed across most provinces and municipalities in China, and exported to Europe, the Americas, Africa, Oceania, Southeast Asia, the Middle East, and other major regions worldwide. Zhongce Rubber ranked first in the “2024 China Tire Enterprise Ranking” published by the China Rubber Industry Association (CRIA). It was also recognized by leading international industry publications Modern Tire Dealer and Tyrepress as the world’s 9th-largest and China’s largest tire manufacturer in 2025.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Head Office, 13 Branch Offices, 16 Assistant Offices, 1 Functional Office and 3,011 active employees in 15 Major Cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services that focus on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees, and the community towards a sustainable future.
PT Bank DBS Indonesia is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS).
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
The three-year syndicated facility totals USD 100 million and RMB 1.05 billion, with an additional RMB 395 million greenshoe option. The financing aims to support Zhongce Rubber’s construction of its second overseas manufacturing base in Indonesia—a key step in deepening its global strategy. In this transaction, DBS Bank China acted as Mandated Lead Arranger (MLA). Leveraging its efficient cross-border collaboration framework and building on the long-standing localized relationship between DBS Hangzhou Branch and Zhongce Rubber, the bank swiftly mobilized teams across China, Singapore, and Indonesia to complete the entire process—from funding and approval to disbursement—at “China speed.” This seamless execution ensured the smooth advancement of the client’s overseas project and fully demonstrated DBS’s integrated “One Bank” service advantage and agile execution capabilities in supporting Chinese enterprises’ international expansion.
To meet the client’s immediate liquidity needs and align with its actual currency usage requirements, Bank DBS Indonesia also arranged a bilateral bridge loan. Additionally, through tailored financing solutions, Bank DBS Indonesia precisely addressed the client’s onshore treasury management needs, helping mitigate foreign exchange risks, and operational complexities arising from multi-currency conversions, while significantly enhancing financing flexibility and cost efficiency.
“These integrated cross-product and cross-market solutions not only reflect Bank DBS Indonesia’s capabilities in cross-border financing and investment, treasury management, and foreign exchange risk mitigation, but also reaffirm our commitment to supporting foreign investment flows into Indonesia. With a strong economic foundation, a strategic position in Asia, and a continuously growing industrial ecosystem, Indonesia holds significant potential as a global investment destination, particularly in the manufacturing sector and the automotive value chain. Going forward, we will continue to deepen our sector expertise as a trusted partner to help global investors build sustainable operations and resilient supply chains in Indonesia,” said Head of Institutional Banking Group, PT Bank DBS Indonesia Anthonius Sehonamin.
“Bank DBS Indonesia is committed to being a trusted partner for clients in navigating various market dynamics and uncertainties. We achieve this through a strong understanding of our clients’ businesses, enabling us to tailor bespoke risk management solutions, which are supported by robust execution capabilities. We combine our understanding of the Indonesian financial markets with DBS Bank's global product platform to deliver cutting-edge financial solutions to our clients. We remain committed to supporting the growth of our clients as economic and trade cooperation between China and Indonesia increases,” said Managing Director & Country Head, Global Financial Markets Bank DBS Indonesia Puneet Punj.
Zhongce Rubber is primarily engaged in the research and development, manufacturing, and sales of tires. Its products are distributed across most provinces and municipalities in China, and exported to Europe, the Americas, Africa, Oceania, Southeast Asia, the Middle East, and other major regions worldwide. Zhongce Rubber ranked first in the “2024 China Tire Enterprise Ranking” published by the China Rubber Industry Association (CRIA). It was also recognized by leading international industry publications Modern Tire Dealer and Tyrepress as the world’s 9th-largest and China’s largest tire manufacturer in 2025.
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About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Head Office, 13 Branch Offices, 16 Assistant Offices, 1 Functional Office and 3,011 active employees in 15 Major Cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services that focus on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees, and the community towards a sustainable future.
PT Bank DBS Indonesia is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS).
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
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World's Best Bank 2025, 2018 - 2022
Euromoney, Global Finance, The Banker
Asia’s Safest Bank, 2009 – 2025
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