Overview

China Eximbank provides $240 million loan to State Grid Brazil Holding S.A. for unspecified purposes

Commitments (Constant USD, 2023)$308,673,234

Commitment Year•2010Country of Activity•BrazilDirect Recipient Country of Incorporation•BrazilSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2010

Last repayment (originally scheduled): Dec 31, 2014

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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China Eximbank provides loan to State Grid Brazil Holding S.A. for unspecified purposes. More detailed locational information can be found at: https://www.openstreetmap.org/way/432948673

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% Chinese ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned companies

State Grid Brazil Holding S.A. (SGBH)

Loan description

China Eximbank provides $240 million loan to State Grid Brazil Holding S.A. for unspecified purposes

Grant element•15.2501%Interest rate (t₀)•2.42969%Interest type•Variable Interest RateLoan tenor•6-month rateMaturity•5 years

Narrative

Full Description

Project narrative

In 2010, the China Eximbank and State Grid Brazil Holding S.A. signed a $240,000,000 loan agreement for unspecified purposes. The loan has an interest rate of six-month LIBOR plus a 2% margin. Interest was to be amortized quarterly, beginning in March 2011. The loan was to be repaid within 60 months.

Staff comments

1. AidData has estimated the all-in interest rate (2.519%) by adding 2% to average 6-month LIBOR in 2010 (0.519%).