Project ID: 95676

Bank of China provides $200 million of bonded debt for CAR Mining Project

Commitment amount

$ 200000000.0

Adjusted commitment amount

$ 200000000.0

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Central African Republic

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Private 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

2021-01-01

Description

On June 22, 2020, Bank of China (Djibouti Branch) -- known in French as Banque De Chine Djibouti S.A. -- issued its first-ever bond. According to the World Bank, $200 million from the bond issuance was disbursed in support of a Mining Project in the Central African Republic (CAR) in 2021.

Additional details

The identity of the borrowing (recipient) institution is unknown. For the time being, AidData assumes that the borrower is a private sector institution. This issue warrants further investigation.

Number of official sources

0

Number of total sources

2

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Details

Cofinanced

No

Direct receiving agencies [Type]

Unspecified Organization [Private Sector]

Loan Details

Bilateral loan