Project ID: 85675

ICBC provides $34 million loan to Canadia Bank for unspecified purposes

Commitment amount

$ 37641237.86788861

Adjusted commitment amount

$ 37641237.87

Constant 2021 USD

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [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

2014-11-27

Description

On November 27, 2014, Canadia Bank entered into a $34 million facility agreement with Industrial and Commercial Bank of China Limited, Phnom Penh Branch. The loan carried a 3-year maturity and annual interest rate of 3.50%. Based on the agreement, Canadia Bank was required to place a one-year fixed deposit with Industrial and Commercial Bank of China Limited, Phnom Penh Branch of RMB 211 million (approximately equivalent to $34 million).

Additional details

1. The intent field has been coded as Mixed, as the purpose for the loan is unknown, and AidData cannot assume commercial intent.

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

3 years

Interest rate

3.5%

Grant element (OECD Grant-Equiv)

8.2924%

Bilateral loan