Overview

XCMG Loans 3,449,485.00 USD to Target Trading S.A.

Commitments (Constant USD, 2023)$3,537,630

Commitment Year•2014Country of Activity•BrazilDirect Recipient Country of Incorporation•BrazilSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 1, 2014

Geospatial footprint

Map overview

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XCMG provided a loan to Target Trading S.A.. More detailed locational information can be found at: https://www.openstreetmap.org/way/804877689

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% host country ownership

Funding agencies

State-owned companies

Xuzhou Construction Machinery Group Co., Ltd. (XCMG)

Receiving agencies

Private Sector

Target Trading S.A.

Loan description

XCMG Loans 3,449,485.00 USD to Target Trading S.A.

Interest type•Unknown

Narrative

Full Description

Project narrative

In August 2014, Chinese state-owned XCMG Construction loaned 3,449,485 USD to Target Trading in export buyer's credits. The loan terms and use of the loan are unclear. The Central Bank of Brazil lists loan as import financing and lists the registration of the loan as complete.