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Overview

CDB contributes to $200 million syndicated loan with Banco de Chile

Commitments (Constant USD, 2023)$15,153,295
Commitment Year•2011Country of Activity•ChileDirect Recipient Country of Incorporation•ChileSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Feb 9, 2011
Last repayment
Feb 8, 2014

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 Policy Banks

  • China Development Bank (CDB)

Receiving agencies

Private Sector

  • Banco de Chile

Implementing agencies

Private Sector

  • Banco de Chile

Loan desecription

China Development Bank contributes to USD 200 million syndicated loan for Banco de Chile

Grant element•10.8546%Interest rate (t₀)•1.5652%Interest type•Variable Interest RateMaturity•3 years

Narrative

Full Description

Project narrative

On February 9, 2011, Banco de Chile signed a second syndicated loan agreement with 15 Asian financial institutions from China, Japan, and Malaysia for an amount of USD 200 million. The maturity length of the loan was three years. Its interest rate was LIBOR (0.232% in February 2011) plus 110 basis points. China Development Bank's specific contribution to the loan agreement is unknown.

Staff comments

1. For the time being, AidData has estimated the contribution of CDB by assuming that the fifteen lenders contributed equal amounts ($13,333,333) to the loan syndicate. 2. Banco de Chile, is a Chilean bank and financial services company with headquarters in Santiago. It is a commercial bank that provides a complete range of financial services to a client base, which includes large corporations, SMEs and private clients.