Project ID: 96753

ICBC provides $20 million credit facility to PT Elnusa Tbk (Elnusa)

Commitment amount

$ 22336740.04774798

Adjusted commitment amount

$ 22336740.05

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

Other public sector 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

2020-12-01

Description

In December 2020, ICBC signed a $20 million credit facility with PT Elnusa Tbk (Elnusa), a company providing energy services. It is a short-term loan for the period 2020 - 2021. The loan will be used to support the needs of Elnusa and its subsidiaries. This facility has a sublimit ceiling of USD 5 million each for Elnusa Fabrication Construction (EFK) and Elnusa Trans Samudra (ETSA).

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

PT Elnusa Tbk [State-owned Company]

Loan Details

Maturity

1 years

Bilateral loan

Short-term loan