Overview

China Development Bank loans USD 13 million to XCMG Brazil

Commitments (Constant USD, 2023)$13,833,643

Commitment Year•2017Country 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: Dec 1, 2017

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

Loading map…

China Development Bank provided a loan to XCMG Brazil. 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 Industria Ltda (XCMG Brazil)

Loan desecription

China Development Bank loans USD 13 million to XCMG Brazil

Interest type•Unknown

Narrative

Full Description

Project narrative

In December 2017, the China Development Bank provided a USD 13 million loan to XCMG Brasil Industria Ltda ("XCMG BRASIL IND.LTDA."), The Brazilian branch of the Chinese construction equipment supplying company XCMG Construction. The loan status, terms, and purpose are unclear. The Brazilian Central Bank lists the loan registration (ID TA815315) as complete. This is one of three CDB loans given to XCMG Brazil in 2017. The USD 5 million loan is captured in Record ID#60910, and the USD 20 million loan is captured in Record ID#60432.

Staff comments

1. Loan terms are not publicly disclosed in the Central Bank dataset. No corroborating sources found to determine interest rate, maturity, or grace period.