Overview

China Telecom International Investment Private Ltd. provides RMB 650 million loan to DITO CME for working capital purposes in July 2021

Commitments (Constant USD, 2023)$92,929,002

Commitment Year•2021Country of Activity•PhilippinesDirect Recipient Country of Incorporation•PhilippinesOverseas Jurisdiction•SingaporeSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 14, 2021

Last repayment (originally scheduled): Jul 14, 2022

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 companies

China Telecom International Investment Private Limited

Receiving agencies

Private Sector

DITO CME Holdings Corporation

Loan description

China Telecom International Investment Private Ltd. provides RMB 650 million loan to DITO CME for working capital purposes in July 2021

Interest type•UnknownMaturity•1 years

Narrative

Full Description

Project narrative

On July 14, 2021, China Telecom International Investment Private Ltd. and DITO CME (a Philippine telecommunications company) signed an RMB 650 million working capital loan agreement. The loan carried a 1-year maturity. The other borrowing terms are unknown.