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)

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