Project ID: 89674

Petrobras Global Trading B.V. borrows $714 million from China Eximbank via $750 million credit line

Commitment amount

$ 802225133.1551675

Adjusted commitment amount

$ 802225133.16

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Brazil

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Other public sector 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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2019-12-23

Description

On December 23, 2019, China Eximbank issued a $750 million line of credit to Petrobras Global Trading B.V. (PGT BV) with a final maturity date of December 27, 2021. As of 2020, $714 million of the $750 million credit line was drawn down by the borrower.

Additional details

Number of official sources

2

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Petrobras Global Trading B.V. (PGT BV) [State-owned Company]

Loan Details

Maturity

2 years

Bilateral loan