ICBC Indonesia provides $10 million working capital loan to PT Lontar Papyrus Pulp & Paper Industry
Commitment amount
$ 11070952.314084884
Adjusted commitment amount
$ 11070952.31
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
Project lifecycle
Description
On December 23, 2014, ICBC Indonesia agreed to provide a working capital credit facility of $10 million to PT Lontar Papyrus Pulp & Paper Industry for a period of 3 years. PT Purinusa Ekapersada served as a corporate guarantor. The facility was fully paid on January 19, 2018. In 2014, ICBC Indonesia took part in a $100 million club deal facility agreement with PT Lontar Papyrus Pulp & Paper Industry. This 10 million working capital credit facility is likely a contribution to the club deal facility.
Additional details
1. This is a separate transaction (financial flow) from Project ID#73208, which captures a $25 million investment credit facility from ICBC.
Number of official sources
1
Number of total sources
1
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]