Project ID: 73209

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

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2014-12-23

Actual complete

2018-01-19

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

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

Bilateral loan

Working capital