Project ID: 87596

China Construction Bank loans 275 million R to Land Bank

Commitment amount

$ 22080722.286348883

Adjusted commitment amount

$ 22080722.29

Constant 2021 USD

Summary

Funding agency [Type]

China Construction Bank Corporation (CCB) [State-owned Commercial Bank]

Recipient

South Africa

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Commercial (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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-01-01

Description

In FY 2016, China Construction Bank (CCB) loaned 275 million rand to Land Bank "for general corporate purposes" (p. 2). This was part of a 775 million R syndicated loan with Rand Merchant Bank (RMB). The repayment period of the CCB loan was 3 years. Land Bank voluntarily prepaid the entirety of the loan on 29 September 2017.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

Yes

Direct receiving agencies [Type]

Land and Agricultural Development Bank of South Africa (Land Bank) [State-owned Bank]

Loan Details

Syndicated loan

Inter-bank loan