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Overview

China Eximbank provides RMB 21 million government concessional loan for Telecommunications Project

Commitments (Constant USD, 2023)$4,587,413
Commitment Year•2007Country of Activity•TunisiaDirect Recipient Country of Incorporation•TunisiaSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Apr 30, 2007
First repayment (originally scheduled)
Jun 28, 2010
Last repayment (originally scheduled)
Dec 24, 2026

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned companies

  • Société Nationale des Telecommunications (Tunisie Télécom)

Guarantors

Government Agencies

  • Government of Tunisia

Loan description

China Eximbank provides RMB 21 million government concessional loan for Telecommunications Project

Grace period•3.1666 yearsGrant element•49.7037%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•19.6666 years

Narrative

Full Description

Project narrative

On April 30, 2007, the Export-Import Bank of China and the Société Nationale des Telecommunications (Tunisie Télécom) — a state-owned telecommunications company — signed an RMB 21 million ($3 million) government concessional loan (GCL) agreement for a Telecommunications Project. The Government of Tunisia issued a sovereign guarantee in support of the loan. The estimated borrowing terms of the loan include a 19.6666-year maturity, a 3.1666 grace period, and a 2% interest rate. The proceeds of this loan were almost certainly used by the borrower (Tunisie Télécom) to purchase equipment and/or services from a Chinese telecommunications provider (such as Huawei or ZTE). However, no project implementation details could be identified.

Staff comments

1. The estimated borrowing terms of the loan are drawn from the World Bank's Debtor Reporting System (DRS). See https://www.dropbox.com/s/2sw4f7gluxa52fk/DRS%20Official%20Commitments%20from%20China%20Through%202021.xlsx?dl=0 and https://www.dropbox.com/s/ab8qt4n6jijcbhd/IDS_Average%20interest%20on%20new%20external%20debt%20commitments.xlsx?dl=0 and https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=0