Project ID: 98479

PT Bank ICBC Indonesia signs loan agreement with PT Medco Energi Internasional Tbk (MedcoEnergi) in February 2012 to roll over working capital credit facility (Linked to Project ID#98436)

Commitment amount

$ 11741235.579258451

Adjusted commitment amount

$ 11741235.58

Constant 2021 USD

Summary

Funding agency [Type]

ICBC Indonesia [State-owned Commercial Bank]

Recipient

Indonesia

Sector

Action relating to debt (Code: 600)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

2012-02-01

Description

In February 2012, PT Bank ICBC Indonesia signed a loan agreement with PT Medco Energi Internasional Tbk (MedcoEnergi). The loan proceeds were to be used to roll over a matured working capital credit facility to $10 million USD (captured in Project ID#98436). This 2012 facility is expected to mature on February 25, 2013. The borrowing terms of the loan are unknown.

Additional details

Number of official sources

1

Number of total sources

1

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Details

Cofinanced

No

Direct receiving agencies [Type]

PT Medco Energi Internasional Tbk [Private Sector]

Loan Details

Bilateral loan

Refinancing