Industrial and Commercial Bank of China Limited - Phnom Penh Branch provides $15 million loan to Acleda Bank Plc. for unspecified purposes
Commitment amount
$ 17712067.625377007
Adjusted commitment amount
$ 17712067.63
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
Project lifecycle
Description
In 2016, Acleda Bank entered into a $15,000,000 loan agreement for a line of credit with Industrial and Commercial Bank of China Limited - Phnom Penh Branch. $10 million USD was drawn down on November 1, 2016, and the remaining $5 million USD was drawn down on February 27, 2017. The maturity date is November 1, 2019 for the first draw-down and February 27, 2020 for the second draw-down, giving a 3 year maturity period. The loan was repaid in full on its maturity date, and its purpose was not specified.
Additional details
AidData has inferred the commitment year to be 2016, as this loan is not in the 2015 Annual Report produced by Acleda Bank.
Number of official sources
3
Number of total sources
3
Details
Cofinanced
No
Direct receiving agencies [Type]
Acleda Bank [Private Sector]
Loan Details
Maturity
3 years