Overview

Bank of China provides IDR 450 billion loan to PT Waskita Karya (Persero) Tbk for working capital

Commitments (Constant USD, 2023)$29,024,207

Commitment Year•2021Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 31, 2021

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

Bank of China (BOC)

Receiving agencies

State-owned companies

PT Waskita Karya (Persero) Tbk

Loan description

Bank of China provides IDR 450 billion loan to PT Waskita Karya (Persero) Tbk for working capital

Interest type•Unknown

Narrative

Full Description

Project narrative

On August 31, 2021, Bank of China extended a non-committed loan facility worth IDR 450 billion to state-owned construction firm PT Waskita Karya for working capital needs. All other loan terms are unknown. The facility was subsequently extended until November 30, 2021, and formed part of a broader master restructuring agreement involving PT Waskita Karya and 20 other banking institutions.