Project ID: 98488

PT Bank ICBC Indonesia signs loan agreement with PT Medco Energi Internasional Tbk for financing purposes in February 2014 (Linked to Project ID#98436, Project ID#98479, and Project ID#98487)

Commitment amount

$ 55354761.570424415

Adjusted commitment amount

$ 55354761.57

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

2014-02-11

Description

On February 11, 2014, PT Bank ICBC Indonesia signed a loan agreement with PT Medco Energi Internasional Tbk. In this agreement, an original $10 million USD working capital facility (captured in Project ID#98436, Project ID#98479, and Project ID#98487) was up-sized to a $50 million USD facility with a three-year maturity. The loan proceeds will be used for general financing purposes for the years 2014 - 2016. The loan will mature three years after the first withdrawal.

Number of official sources

1

Number of total sources

2

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Details

Cofinanced

No

Direct receiving agencies [Type]

PT Medco Energi Internasional Tbk [Private Sector]

Loan Details

Bilateral loan

Refinancing