CDB provides $1 billion loan to América Móvil for Telecommunications Network Infrastructure Project and acquisition of Huawei equipment and services
Adjusted commitment amount
Constant 2021 USD
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Communications (Code: 220)
Level of public liability
According to a filing with the U.S. Securities and Exchange Commission (SEC), China Development Bank and América Móvil signed a $1 billion loan agreement on April 28, 2009 for a telecommunications network infrastructure project and for the purchase of telecommunications equipment and services from Huawei Technologies Co., Ltd.. CDB was the lender, sole lead arranger, and agent. The loan had a maturity of 10 years and an interest rate of 3-month LIBOR plus a 1% margin. The proceeds of the loan were to be used by the borrower to modernize and expand América Móvil's telecommunications network in Latin America.
1. AidData has estimated the all-in interest rate by adding 1% to average 3-month LIBOR in April 2009 (1.133%).
Number of official sources
Number of total sources
Direct receiving agencies [Type]
América Móvil [Private Sector]
Implementing agencies [Type]
Huawei Technologies Co., Ltd. [Private Sector]
Grant element (OECD Grant-Equiv)