Overview

China Development Bank provides $93 million loan to XCMG Brazil Investments

Commitments (Constant USD, 2023)$96,159,330

Commitment Year•2013Country of Activity•BrazilDirect Recipient Country of Incorporation•BrazilSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jun 1, 2013

Geospatial footprint

Map overview

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China Development Bank provided a loan to XCMG Brazil Investments. More detailed locational information can be found at: https://www.openstreetmap.org/way/545080856

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

China Development Bank (CDB)

Receiving agencies

State-owned companies

XCMG Brasil Investimentos Ltda

Loan description

China Development Bank provides $93 million loan to XCMG Brazil Investments

Interest type•Unknown

Narrative

Full Description

Project narrative

In June 2013, China Development Bank issued a $93,000,000 loan to XCMG Brasil Investimentos Ltda, the Brazilian branch of the Chinese construction equipment supplying company XCMG Construction. The status, purpose, and loan terms are unknown. Brazil's Central Bank lists the loan registration (ID TA636346) as complete.

Staff comments

1. In June 2013, CDB provided a separate $40 million loan to XCMG Industries Ltda. (as captured via Record ID#60317).