Overview

ICBC Indonesia provides IDR 350 billion loan to PT Perkebunan Nusantara XII for Reforestation Project

Commitments (Constant USD, 2023)$27,835,210

Commitment Year•2017Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•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

PT Bank ICBC Indonesia

Receiving agencies

State-owned companies

PT Perkebunan Nusantara XII

Implementing agencies

State-owned companies

PT Perkebunan Nusantara XII

Loan desecription

ICBC Indonesia provides IDR 350 billion loan to PT Perkebunan Nusantara XII for Reforestation Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2017, the Corporate Banking Branch of ICBC Indonesia and PT Perkebunan Nusantara XII signed an IDR 350 billion loan agreement for a Reforestation Project. The borrowing terms of the loan are unknown. No additional details about the project are available. However, PT Perkebunan Nusantara XII is an Indonesia state-owned enterprise engaged in cocoa, tea, sugar cane, rubber and coffee plantations.