CDB provides $8.7 million loan for Osh-Irkeshtam Fiber Optic Network Construction Project (Linked to Project ID#70881, #70884, #70886, and #70889)

On September 28, 2009, China Development Bank (CDB) signed a $8,700,000 loan agreement with KyrgyzTelecom. This loan was intended to be used for the Osh Irkeshtam Fiber Optic Network Construction Project. The loan carried the following borrowing terms: a 8-year maturity, a grace period of 1.5 years, and an interest rate of 6 month LIBOR plus a 1.8% margin. Its principal amount outstanding was $2,174,756.60 as of January 1, 2016.

Additional details

1. Average 6 month LIBOR in 2009 was .677%. Therefore, the all-in interest rate was coded as .677% + 1.8%, or 2.477%. 2. Project status was coded as completion because all Chinese financing was disbursed. 3. The Russian project title is Проект «Цифровое будущее. Фаза «Региональные сети» «Строительство ВОЛС «Ош – Иркештам». 4. According to 2010, 2011, and 2012 KyrgyzTelecom Financial Reports, the actual amount received from the loan was $8,699,026.3. 5. This project is linked to a $4.9 million CDB loan to KyrgyzTelecom in February 2011 for this project (see linked project ID#70881), a $4 million CDB loan to KyrgyzTelecom in June 2011 (see linked project ID#70884), a $2 million CDB loan to KyrgyzTelecom in September 2012 (see linked project ID#70886), and a $2.2 million CDB loan to KyrgyzTelecom in October 2012 (see linked project ID#70889).

Number of official sources

4

Number of total sources

4