China Eximbank provides RMB 400 million loan for construction of vessels for workover operation in Indonesia

¥400M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	China Oilfield Services Limited (COSL)
Country	Indonesia
Start Date	Nov 17, 2008
End Date	Jun 26, 2028
Duration	7,161 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`105186`

Grant Description

China Eximbank provides RMB 400 million loan for construction of vessels for workover operation in Indonesia In November 2008, the Export-Import Bank of China issued an RMB 400,000,000 loan to China Oilfield Services Limited for the purpose of financing the construction of vessels for a workover operation in Indonesia.

📋 Loan / Grant Terms

💰 Loan Amountcarried a maturity period of nine years (final maturity date: November 19

It bore an annual interest rate at 4.86% for the first quarter, and then bore the prevailing market interest rate of similar loan types quoted by the People’s Bank of China during every quarter thereafter. The borrower was expected to repay the loan between November 19, 2009 and November 19, 2017.

📚 Sources & References

China Oilfield Services Limited Annual Report 2008 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.