Project ID: 34308

CDB provides $100 million buyer’s credit to Axiata (Bangladesh) Ltd. to facilitate the purchase of Huawei equipment

Commitment amount

$ 120863315.5

Constant 2017 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Bangladesh

Sector

Communications (Code: 220)

Flow type

Export Buyer's Credit

Concessional

Vague

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2010

Description

In June 2010, Axiata (Bangladesh) Ltd, a telecommunication company (operating in Bangladesh under the brand name Robi), signed an MoU with China Development Bank and Huawei Technologies (Bangladesh) Ltd., to expand its telecom network across the country. CDB agreed in principle lend $100 million to Robi, who would in turn would use the loan proceeds to purchase equipment from Huawei. Later in 2010 Axiata (Bangladesh) Ltd finalized a $100 million buyer’s credit agreement with China Development Bank. The terms of the buyer’s credit agreement are unknown. The current status of the project is unknown.

Number of official sources

1

Number of unofficial sources

11

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Details

Cofinanced

No

Receiving agencies [Type]

Robi Axiata Ltd. [Private Sector]

Implementing agencies [Type]

Government of Bangladesh [Government Agency]; Huawei Technologies Co., Ltd. [Other]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No