Bank of China provides $50 million term loan to Indonesia Eximbank for on-lending purposes in January 2019
Commitment amount
$ 56178230.613106966
Adjusted commitment amount
$ 56178230.61
Constant 2021 USD
Summary
Funding agency [Type]
Bank of China (BOC) [State-owned Commercial Bank]
Recipient
Indonesia
Sector
Unallocated/unspecified (Code: 998)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On January 28, 2019, Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank or LPEI) — an Indonesia state-owned bank — signed a $50 million facility (loan) agreement with Bank of China (Hong Kong) Limited Jakarta Branch for on-lending purposes. The loan carried the following borrowing terms: a 1-year maturity (final maturity date: October 20, 2023) and an interest rate of 3-month LIBOR plus an unspecified margin. Then, on October 22, 2019, LPEI signed amendment to the loan (facility) agreement with Bank of China (Hong Kong) Limited Jakarta Branch where the loan (facility) can be utilized in USD and IDR currencies. Approximately one week later, on October 28, 2019, the loan fully disbursed in IDR (IDR 550,000,000,000). The loan was fully repaid on repaid on January 28, 2020.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
PT Lembaga Pembiayaan Ekspor Indonesia (LPEI) [State-owned Bank]
Implementing agencies [Type]
PT Lembaga Pembiayaan Ekspor Indonesia (LPEI) [State-owned Bank]
Loan Details
Maturity
1 years