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Bank of China (Hong Kong) Jakarta Branch provides $50 million term loan to Indonesia Eximbank for on-lending purposes in January 2019
| Funder | Bank of China (Hong Kong) Limited (BOCHK) |
|---|---|
| Recipient Organization | PT Lembaga Pembiayaan Ekspor Indonesia (LPEI) |
| Country | Indonesia |
| Start Date | Jan 28, 2019 |
| End Date | Jan 13, 2031 |
| Duration | 4,368 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 96333 |
Grant Description
Bank of China (Hong Kong) Jakarta Branch provides $50 million term loan to Indonesia Eximbank for on-lending purposes in January 2019 On January 28, 2019, Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank or LPEI) — an Indonesia state-owned bank — signed a $50 million facility (loan) agreement with Bank of China (Hong Kong) Limited Jakarta Branch for on-lending purposes.
Then, on October 22, 2019, LPEI signed amendment to the loan (facility) agreement with Bank of China (Hong Kong) Limited Jakarta Branch where the loan (facility) can be utilized in USD and IDR currencies. Approximately one week later, on October 28, 2019, the loan fully disbursed in IDR (IDR 550,000,000,000).
The loan was fully repaid on repaid on January 28, 2020.
Sources & References
- Indonesia Eximbank Gets US $580mn Foreign Loans from Two Financial Institutions
- Annual Report 2020 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.
All Grantees
PT Lembaga Pembiayaan Ekspor Indonesia (LPEI)
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