Project ID: 60352

Bank of China Loans $40,000,000 to Ocel Brasil

Commitment amount

$ 46093526.28083895

Adjusted commitment amount

$ 46093526.28083895

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Bank of China (BOC) [State-owned Commercial Bank]

Recipient

Brazil

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

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

Cancelled (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-11-01

Description

In November 2017, the Bank of China loaned $40,000,000 to Ocel do Brasil Industria e Comercion Ltda, a Brazilian steel company. The loan terms and purpose are unclear. The Brazil Central Bank lists the registration as cancelled, but the status of the loan is unclear.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Ocel do Brasil Industria e Comercio LTDA [Private Sector]

Loan Details

Bilateral loan