Project ID: 73208

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

Commitment amount

$ 27677380.785212208

Adjusted commitment amount

$ 27677380.79

Constant 2021 USD

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Indonesia

Sector

Business and other services (Code: 250)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2014-12-22

Description

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.

Number of official sources

2

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

PT Lontar Papyrus Pulp & Paper Industry [Private Sector]

Implementing agencies [Type]

PT Lontar Papyrus Pulp & Paper Industry [Private Sector]

Guarantee provider [Type]

PT Purinusa Ekapersada [Private Sector]

Loan Details

Maturity

6 years

Bilateral loan