Project ID: 96757

ICBC signs financial cooperation agreement worth $1.5 billion with PT Aneka Tambang Tbk to finance its operations

Pledged amount

$ 1771206762.5377007

Adjusted pledged amount

$ 1771206762.5377007

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

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: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-10-01

Description

In October 2016, ICBC signed a financial cooperation agreement worth up to $1.5 billion with PT Aneka Tambang Tbk to finance its operations. The agreement can lead to short-term loans for the company's working capital and long-term loans to boost business expansion, including acquisition and the development of a new factory.

Number of official sources

0

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

PT Aneka Tambang Tbk [State-owned Company]

Loan Details

Bilateral loan

Working capital