Project ID: 62370

CDB provides $100 million loan to Acleda Bank Plc. for unspecified purposes

Commitment amount

$ 118080450.8358467

Adjusted commitment amount

$ 118080450.84

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Cambodia

Sector

Unallocated/unspecified (Code: 998)

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-12-19

Actual start

2016-12-27

Actual complete

2019-12-26

Description

On December 19, 2016, Acleda Bank entered into a $100,000,000 loan agreement for a line of credit with China Development Bank. $30 million was drawn down on December 27, 2016, and the remaining $70 million was drawn down on December 18, 2017. The final maturity date is December 26, 2019, giving a 3 year maturity period. The loan was repaid in full on its maturity date, and its purpose was not specified.

Additional details

1. Acleda Bank Plc. is a private bank. ACLEDA is an acronym for the Association of Cambodian Local Economic Development Agencies.

Number of official sources

3

Number of total sources

4

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Details

Cofinanced

No

Direct receiving agencies [Type]

Acleda Bank [Private Sector]

Implementing agencies [Type]

Acleda Bank [Private Sector]

Loan Details

Maturity

3 years

Bilateral loan