Overview

CDB provides $130 million loan to ACLEDA Bank PLC for on-lending to Cambodian SMEs (Linked to Record ID#62370)

Commitments (Constant USD, 2023)$134,125,397

Commitment Year•2020Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 11, 2020

Start (actual): Jul 27, 2020

Last repayment (originally scheduled): Jul 11, 2023

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

Private Sector

ACLEDA Bank Plc.

Implementing agencies

Private Sector

ACLEDA Bank Plc.

Loan description

CDB provides $130 million loan to ACLEDA Bank PLC for on-lending to Cambodian SMEs

Grant element•5.6438%Interest rate (t₀)•5.5%Interest type•Fixed Interest RateMaturity•3 years

Narrative

Full Description

Project narrative

On July 11, 2020, the Guangxi Branch of China Development and ACLEDA Bank PLC signed a $130 million loan agreement. The loan carries a 3-year maturity and an interest rate that ranges between 5% and 6%. The first loan disbursement took place on July 27, 2020. The borrower was expected to use the loan proceeds to on-lend to small- and medium-sized enterprises (SMEs) in Cambodia.

Staff comments

1. Acleda Bank Plc. is a private bank. ACLEDA is an acronym for the Association of Cambodian Local Economic Development Agencies. 2. The exact interest rate for this loan is unclear. For the time being, AidData has estimated the interest rate that applies to this loan by taking the mid-point between 5% and 6%.