Project ID: 67244

CDB provides $400 million loan to Ziraat Bank for unspecified purposes (Linked to Project ID#67243)

Commitment amount

$ 460935262.8083895

Adjusted commitment amount

$ 460935262.81

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Türkiye

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Level of public liability

Other public sector 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

2017-12-12

Actual complete

2018-02-09

Description

On December 12, 2017, China Development Bank signed a $600 million loan agreement with Ziraat Bank — a Turkish state-owned bank — for unspecified purposes. The loan carried a 3-year maturity and 6 month grace period. It was disbursed in two tranches: a $200 million tranche (captured in Project ID#67243) and a $400 million tranche (captured in Project ID#67244). The first tranche was utilized as of December 2017. The second tranche was utilized on February 9, 2018.

Number of official sources

3

Number of total sources

6

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Ziraat Bank [State-owned Bank]

Loan Details

Bilateral loan

Inter-bank loan