Overview

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

Commitments (Constant USD, 2023)$20,634,676

Commitment Year•2020Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 1, 2020

Last repayment (originally scheduled): Dec 1, 2021

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Receiving agencies

State-owned companies

PT Elnusa Tbk

Loan description

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

Interest type•UnknownMaturity•1 years

Narrative

Full Description

Project narrative

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).