CDB provides $2.5 million credit line facility to RSK Bank OJSC for on-lending to SMEs, trade, and infrastructure (Linked to Project ID#70924, #70946, #70938, #70935, and #70929)

On August 28, 2008, China Development Bank (CDB) signed a $2,500,000 credit line facility agreement 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. The loan carried the following terms: a maturity period of 7 years and 9 months (final maturity date: May 20, 2016) and an interest rate of 6 month LIBOR + 3% margin. By December 31, 2013, $2,500,000 had been drawn down from the credit line.

Additional details

1. Average 6 month LIBOR in 2008 was 3.108%. Therefore, the all-in interest rate was coded as 3.108% + 3%, or 6.108%. 2. The project status was coded as "Implementation" because $2.5 million had been drawn down. 3. For precision, the maturity is based on the number of days between the signing date and the maturity date (2,822) divided by 365, or 7.7 years approximately. 4. This project is linked with a $8 million credit line facility from CDB also signed on June 7, 2012 (see linked project ID#70924), 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), and a $900,000 credit line facility from CDB signed on August 13, 2007 (see linked project ID#70935).

Number of official sources

3

Number of total sources

3