CDB provides $8 million credit line facility to RSK Bank OJSC for on-lending to SMEs, trade, and infrastructure (Linked to Project ID#70946, #70938, #70935, #70934, and #70929)

On June 7, 2012, China Development Bank (CDB) signed a $8,000,000 credit line facility with RSK Bank OJSC. This loan was intended to be used for for various on-lending activities, including the development of small and medium size enterprises, trade and commerce between Chinese and Kyrgyz entrepreneurs, and the construction and rehabilitation of infrastructure in the Southern cities and regions of the Kyrgyz Republic. This facility carried the following terms: a 5-year maturity (the exact maturity date was June 7, 2017) and an interest rate of 6 month LIBOR + 4.88% margin. By December 31, 2013, $8,000,000 had been drawn down from the credit line. This project is linked with a RMB 1,754,041 credit line facility from CDB also signed on June 7, 2012 (see linked project ID#70946), a RMB 2,255,000 credit line facility from CDB signed on January 21, 2011 (see linked project ID#70938), a $3.1 million credit line facility also signed on January 21, 2011 (see linked project ID#70929), a $900,000 credit line facility from CDB signed on August 13, 2007 (see linked project ID#70935), and a $2.5 million credit line facility from CDB signed on August 28, 2008 (see linked project ID#70934).

Additional details

The 6 month LIBOR in 2012 was .736%. Therefore, interest rate was coded as .736% + 4.88%, or 5.616%. The project status was coded as "Implementation" because $8 million had been drawn down.

Number of official sources

2

Number of total sources

2