ICBC Indonesia provides IDR 60,000,000,000 credit facility to PT Bekasi Fajar Industrial Estate Tbk to support capital expenditures (linked to Record ID#98601)

ICBC Indonesia provides IDR 60,000,000,000 credit facility to PT Bekasi Fajar Industrial Estate Tbk to support capital expenditures On July 5, 2012, Bank of China signed an agreement with PT Bekasi Fajar Industrial Estate Tbk to provide a IDR 60,000,000,000 credit facility to support the financing of capital expenditures.

The facility carries a maturity of 60 months (a final maturity of September 26, 2017), and a grace period of approximately three months (first repayment date of September 26, 2012).

The facility was secured by land certificates of HGB number: 210, 34, 36, 3, 111, 120, and 135, totaling 229,693 square meters of area, located in Bekasi.

At the time of signing, the facility had an interest rate of 10%, however in a letter from ICBC Indonesia on February 4, 2014, the terms of the agreement were amended to raise the interest rate to 12% for the remainder of the facility (captured via Record ID#98601). A letter from ICBC Indonesia on May 14, 2014, confirmed that the entirety of the facility had been repaid in full.