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

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.

Additional details

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

Number of official sources

4

Number of total sources

8