Overview

ICBC Indonesia provides a $25 million investment credit facility to PT Lontar Papyrus Pulp & Paper

Commitments (Constant USD, 2023)$25,638,830

Commitment Year•2014Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•IndonesiaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 22, 2014

Last repayment (originally scheduled): Dec 31, 2019

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

Private Sector

PT Lontar Papyrus Pulp & Paper Industry

Implementing agencies

Private Sector

PT Lontar Papyrus Pulp & Paper Industry

Guarantors

Private Sector

PT Purinusa Ekapersada

Loan description

ICBC Indonesia provides a $25 million investment credit facility to PT Lontar Papyrus Pulp & Paper

Interest type•UnknownMaturity•6 years

Narrative

Full Description

Project narrative

On December 22, 2014, ICBC Indonesia agreed to provide an investment credit facility of $25 million to PT Lontar Papyrus Pulp & Paper Industry over a period of six years. PT Purinusa Ekapersada served as the corporate guarantor. In 2014, ICBC Indonesia took part in a US$100 million club deal facility agreement with PT Lontar Papyrus Pulp & Paper Industry. This 25 million investment credit facility is likely a contribution to the club deal facility.