Project ID: 70938

CDB provides RMB 2.255 million credit line facility to RSK Bank OJSC for on-lending to SMEs, trade, and infrastructure (Linked to Project ID#70929, #70924, #70946, #70935, and #70934)

Commitment amount

$ 429013.0193539314

Adjusted commitment amount

$ 429013.02

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Kyrgyzstan

Sector

Other multisector (Code: 430)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2011-01-01

Actual start

2011-01-21

Description

On January 21, 2011, China Development Bank (CDB) signed a RMB 2,255,000 credit line facility with RSK Bank OJSC. This loan was intended to be used 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 3 years and 10 months (the exact maturity date was November 20, 2014) and an interest rate of 7%. By December 31, 2013, RMB 2,255,000 had been drawn down from the credit line. This project is linked with a $3.1 million credit line facility also signed on January 21, 2011 (see linked project ID#70929), a RMB 1,754,041 credit line facility from CDB signed on June 7, 2012 (see linked project ID#70946), a $8 million credit line facility from CDB also signed on June 7, 2012 (see linked project ID#70924), 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

There were 1,399 days between the signing date and maturity period; 1,399 divided by 365 days (a year), equals 3.8 approximately, and this was coded to be as precise as possible. The project status was coded as "Implementation" because MB 2,255,000 had been drawn down.

Number of official sources

3

Number of total sources

3

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Details

Cofinanced

No

Direct receiving agencies [Type]

RSK Bank OJSC [State-owned Bank]

Loan Details

Maturity

4 years

Interest rate

7.0%

Grant element (OECD Grant-Equiv)

2.9993%

Bilateral loan

Inter-bank loan

Investment project loan