Project ID: 85674

Bank of China provides $20 million loan to Canadia Bank for unspecified purposes

Commitment amount

$ 22141904.628169768

Adjusted commitment amount

$ 22141904.63

Constant 2021 USD

Summary

Funding agency [Type]

Bank of China (BOC) [State-owned Commercial Bank]

Recipient

Cambodia

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Mixed (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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2014-09-29

Description

On September 29, 2014, Canada Bank entered into a $20 million facility agreement with Bank of China Limited, Phnom Penh Branch. The loan carried the following borrowing terms: an annual interest of 3.50% an a 1-year maturity. Based on the agreement, Canadia Bank was required to place a one‐year fixed deposit with Bank of China Limited, Phnom Penh Branch worth $10 million and RMB 61.60 million (approximately equivalent to $10 million).

Additional details

1. The intent field has been coded as Mixed, as it is unknown whether the loan was provided for development purposes.

Number of official sources

3

Number of total sources

3

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Canadia Bank [Private Sector]

Loan Details

Maturity

1 years

Interest rate

3.5%

Grant element (OECD Grant-Equiv)

2.9389%

Bilateral loan

Short-term loan