Project ID: 89504

Bank of China provides $350 million loan to Afreximbank for on-lending purposes

Commitment amount

$ 381447411.7575368

Adjusted commitment amount

$ 381447411.76

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Africa, regional

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Unallocable

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

2018-09-01

Description

In September 2018, Bank of China and the African Export-Import Bank (Afreximbank) signed a $350 million loan agreement. The borrowing terms of the loan are unknown. The proceeds of the loan are to be used by the borrower to support bank-to-bank loans, syndicated loans, and trade finance activities.

Number of official sources

1

Number of total sources

3

Download the dataset

Details

Cofinanced

Yes

Direct receiving agencies [Type]

African Export-Import Bank [Intergovernmental Organization]

Loan Details

Maturity

10 years

Syndicated loan