Project ID: 64580

CDB provides $1.365 billion loan to China Niobium Investment Holdings Limited for acquisition of minority stake in Companhia Brasileira de Metalurgia e Mineracao

Commitment amount

$ 1602678656.5687785

Adjusted commitment amount

$ 1602678656.57

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Brazil

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (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

2012-01-01

Description

In 2012, the Hong Kong Branch of China Development Bank (CDB) provided a $1.365 billion loan to China Niobium Investment Holdings Limited — a joint venture invested by a consortium consisting of 5 Chinese SOEs (CITIC Group, Anshan Iron & Steel Group Corporation, Baosteel Group Co., Ltd., Shougang Corporation and Taiyuan Iron & Steel (Group) Co., Ltd.) — for the acquisition of a minority stake in Companhia Brasileira de Metalurgia e Mineracao (CBMM), a privately held Brazilian miner of niobium.

Number of official sources

2

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

China Niobium Investment Holdings Limited [Joint Venture/Special Purpose Vehicle]

Loan Details

Bilateral loan

Investment project loan

M&A

Project finance