Ministry of Finance Indonesia

Ministry of Finance Indonesia - OeKB Covered Loan

Industry
Infrastructure/Healthcare facility
Area of finance
Project & Infrastructure Finance
Region
Asia Pacific
Countries
Indonesia

Deal Overview

On 11 December 2020 STEF AUT succeeded in closing the EUR 10mn Soft Loan Agreement with the Ministry of Finance of Indonesia for the modernization and upgrading of Dr. Ramelan Naval Hospital, located at Surabaya, East Java, Indonesia, mainly for improvement of cancer radiotherapy.This Soft Loan...

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On 11 December 2020 STEF AUT succeeded in closing the EUR 10mn Soft Loan Agreement with the Ministry of Finance of Indonesia for the modernization and upgrading of Dr. Ramelan Naval Hospital, located at Surabaya, East Java, Indonesia, mainly for improvement of cancer radiotherapy.

This Soft Loan financing is provided on the basis of an export guarantee of the Austrian ECA OeKB with 100 % risk cover and is also funded for 100 % within the refinancing scheme of OeKB. 

The signing of this Soft Loan once more underlines UniCredit’s leading role as competent partner for Austrian exporters in ECA covered financings, with special focus on tied financial aid, in the whole South-East Asian region.

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Deal Volume
$12.11m
Financial Close
11 December 2020
Sources
Submitted by participant(s)

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Projects

Dr. Ramelan Naval Hospital Upgrade and Modernization

Brownfield
Healthcare facility
Asia Pacific
Indonesia
$12.11m