Altyn Bank JSC provides $3 million USD to a syndicated loan to Uzbekistan Qishloq Qurilish Bank for general corporate purposes
Commitment amount
$ 3370693.836786418
Adjusted commitment amount
$ 3370693.84
Constant 2021 USD
Summary
Funding agency [Type]
Altyn Bank JSC [State-owned Commercial Bank]
Recipient
Uzbekistan
Sector
Banking and financial services (Code: 240)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On July 25, 2019, a syndicated of banks, including Altyn Bank JSC (a subsidiary of China CITIC Bank Corporation Ltd in Kazakhstan), signed a syndicated dual currency loan for the Qishloq Qurilish Bank JSCB (Republic of Uzbekistan) valued at €16 million EUR and $3.5 million USD. Asian Pacific. Asian Pacific Bank and Altyn Bank organized the facility; APB provided €3 million EUR and Altyn Bank provided $3 million USD. Other syndicate members included Promsvyazbank, Transcapitalbank, URALSIB BANK, J&T Bank, and ALEF-Bank. The facility was provided to the borrower for a period of up to one year for general corporate purposes, as well as for financing trade contracts of the borrower's customers related to supply of goods, equipment, and services from Russia and elsewhere abroad.
Additional details
Number of official sources
1
Number of total sources
3
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Transcapitalbank [State-owned Bank]
Asia-Pacific Bank, OJSC (APB) [Private Sector]
Promsvyazbank (PSB) [State-owned Bank]
Uralsib [Private Sector]
J&T Bank ZAO [Private Sector]
ACB Alef-Bank AO [Private Sector]
Direct receiving agencies [Type]
Uzbekistan Qishloq Qurilish Bank [State-owned Bank]
Loan Details
Maturity
1 years