Overview

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

Commitments (Constant USD, 2023)$184,428,327

Commitment Year•2021Country of Activity•Central African RepublicOverseas Jurisdiction•DjiboutiSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2021

Stakeholders

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

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Loan description

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

Interest type•Unknown

Narrative

Full Description

Project narrative

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.

Staff comments

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.