Overview

Bank of China Limited provides $100 million RCF to Kazakhmys Finance PLC for general corporate and standby liquidity purposes

Commitments (Constant USD, 2023)$103,397,129

Commitment Year•2013Country of Activity•KazakhstanDirect Recipient Country of Incorporation•United KingdomSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 8, 2013

Last repayment (originally scheduled): Mar 8, 2015

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

Joint Venture/Special Purpose Vehicles

KAZ Minerals Finance PLC (Formerly Kazykhmys Finance PLC)

Loan description

Bank of China Limited provides $100 million RCF to Kazakhmys Finance PLC for general corporate and standby liquidity purposes

Interest type•UnknownMaturity•2 years

Narrative

Full Description

Project narrative

On March 8, 2013, Kazakhmys Finance PLC (now part of KAZ Minerals) entered into a US $100 million revolving credit facility (RCF) with Bank of China Limited for general corporate purposes and to provide standby liquidity. The RCF had a final maturity in March 2015, but remained undrawn and was cancelled in October 2014.