CDB provides EUR 80 million loan to BDB to support SMEs and BRI projects
Commitment amount
$ 103959651.4062212
Adjusted commitment amount
$ 103959651.41
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Bulgaria
Sector
Business and other services (Code: 250)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On May 11, 2017, China Development Bank and the state-owned Bulgarian Development Bank (BDB) signed an EUR 80 million interbank loan agreement. The unsecured loan had a 10 year maturity, a 2 year grace period, and an annual interest rate of 6-month EURIBOR plus an unspecified margin. The borrower was authorized to use the loan proceeds to support small- and medium-sized enterprises (SMEs) and strategic projects related to the Belt and Road Initiative (BRI). As of December 31, 2018, the loan had achieved a 100% disbursement rate and the loan’s (principal) amount outstanding was EUR 80 million. As of December 31, 2020, the loan’s (principal) amount outstanding was EUR 78 million.
Additional details
1. This loan is not included in the Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020.
Number of official sources
4
Number of total sources
10
Details
Cofinanced
No
Direct receiving agencies [Type]
Bulgarian Development Bank (BDB) [State-owned Bank]
Implementing agencies [Type]
Bulgarian Development Bank (BDB) [State-owned Bank]
Loan Details
Maturity
10 years
Grace period
2 years