Overview

China Construction Bank provides a $30 million USD loan to Asia Pulp and Paper for unspecified purposes

Commitments (Constant USD, 2023)$31,923,791

Commitment Year•2017Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2017

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

China Construction Bank Corporation (CCB)

Receiving agencies

Private Sector

Asia Pulp & Paper Group (APP)

Loan description

China Construction Bank provides a $30 million USD loan to Asia Pulp and Paper for unspecified purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2017, China Construction Bank (CCB) provided a $30 million USD loan to Asia Pulp & Paper Group (APP) (APP) — an Indonesian pulp and paper company based in Jakarta and subsidiary of Sinar Mas — for unspecified purposes.