CDB contributes to $200 million syndicated loan with Banco de Chile
Commitment amount
$ 16398402.007923637
Adjusted commitment amount
$ 16398402.01
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Chile
Sector
Unallocated/unspecified (Code: 998)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
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 ofS$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.
Additional details
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.
Number of official sources
2
Number of total sources
4
Details
Cofinanced
Yes
Direct receiving agencies [Type]
Banco de Chile [Private Sector]
Implementing agencies [Type]
Banco de Chile [Private Sector]
Loan Details
Maturity
3 years
Interest rate
1.332%
Grant element (OECD Grant-Equiv)
11.1634%