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ICBC signs financial cooperation agreement worth $1.5 billion with PT Aneka Tambang Tbk to finance its operations
| Funder | Industrial and Commercial Bank of China (ICBC) |
|---|---|
| Recipient Organization | PT Aneka Tambang Tbk |
| Country | Indonesia |
| Start Date | Oct 01, 2016 |
| End Date | Mar 07, 2027 |
| Duration | 3,809 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 96757 |
Grant Description
ICBC signs financial cooperation agreement worth $1.5 billion with PT Aneka Tambang Tbk to finance its operations In October 2016, ICBC signed a financial cooperation agreement worth up to $1.5 billion with PT Aneka Tambang Tbk to finance its operations.
The agreement can lead to short-term loans for the company's working capital and long-term loans to boost business expansion, including acquisition and the development of a new factory.
Sources & References
Economy in brief: ICBC commits $1.5b loan to Antam 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 Aneka Tambang Tbk
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