Overview

China Eximbank provides a $152 million USD loan to KS Energy Limited for the acquisition of two 400-foot jackup drilling platforms

Commitments (Constant USD, 2023)$157,163,636

Commitment Year•2013Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2013

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

Export-Import Bank of China (China Eximbank)

Receiving agencies

Private Sector

KS Energy Limited

Loan description

China Eximbank provides a $152 million USD loan to KS Energy Limited for the acquisition of two 400-foot jackup drilling platforms

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2013, the Export-Import Bank of China provided a $152 million USD loan to KS Energy Limited — a Singaporen energy services provider listed on the Singapore Exchange — to fund the acquisition of two 400-foot jackup drilling platforms.