Overview

Bank of China provides EUR 33 million loan to José de Mello Saúde for debt refinancing purposes

Commitments (Constant USD, 2023)$38,690,018

Commitment Year•2020Country of Activity•PortugalDirect Recipient Country of Incorporation•PortugalSector•HealthFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 25, 2020

Last repayment (originally scheduled): Mar 24, 2024

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Receiving agencies

Private Sector

José de Mello Group

Loan description

Bank of China provides EUR 33 million loan to José de Mello Saúde for debt refinancing purposes

Interest type•UnknownMaturity•4 years

Narrative

Full Description

Project narrative

On March 25, 2020, the Bank of China (BOC) signed a EUR 33 million term loan agreement with Portuguese healthcare group José de Mello Saúde. The loan carried a maturity of 4 years. The proceeds were used by the borrower to pay down a EUR 30 million loan contracted in October 2017.