CDB provides $200 million loan via $650 million credit line to the Development Bank of Kazakhstan (Linked to Project ID#59136, #53574, and #53572)

On March 17, 2015, China Development Bank (CDB) signed a $650 million credit line agreement with the Development Bank of Kazakhstan JSC (DBK), as captured via Project ID#53574. The credit line was intended to finance projects in the sectors of energy, transport, infrastructure, manufacturing, information technologies, agriculture, and other sectors. The credit line aimed to finance joint Kazakh-Chinese and other projects. The maturity date of each loan made under this loan agreement was June 15, 2025. In June 2015, DBK drew down $200 million from the credit line (as captured via Project ID#53573). The intended use of these funds is unclear. The interest rate was initially 5.7%. The loan's interest rate was changed from fixed to floating in 2016. In 2016, DBK drew down $170 million for unspecified purposes, as captured via Project ID#53572. Then, between December 31, 2016 and June 30, 2017, DBK drew down an additional $80 million for unspecified purposes, leaving the credit line with $200 million remaining, as captured via Project ID#59136.

Additional details

1. Although the interest rate changed from fixed to floating, in the absence of the current floating, AidData has elected to keep 5.7% as the coded interest rate for the time being.

Number of official sources

2

Number of total sources

2