Overview

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

Commitments (Constant USD, 2023)$10,838,178

Commitment Year•2012Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•IndonesiaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Feb 1, 2012

Last repayment (originally scheduled): Feb 25, 2013

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

PT Bank ICBC Indonesia

Receiving agencies

Private Sector

PT Medco Energi Internasional Tbk

Loan description

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

Interest type•Unknown

Narrative

Full Description

Project narrative

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