Project ID: 98487

PT Bank ICBC Indonesia provides $10.9 million USD loan to PT Medco Energi Internasional Tbk in February 2013 (Linked to Project ID#98436 and Project ID#98479)

Commitment amount

$ 12295598.418869201

Adjusted commitment amount

$ 12295598.42

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

2013-02-01

Description

In February 2013, PT Bank ICBC Indonesia signed a credit agreement with PT Medco Energi Internasional amounting to $10.9 million USD. The purpose of this loan was to roll over a matured working capital credit facility. The initial facility was refinanced in 2011 (captured in Project ID#98436) and again in 2012 (captured in Project ID#98479). The new facility captured in this project was expected to mature on February 25, 2014. The borrowing terms of the loan are unknown.

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