China Eximbank provides RMB 500 million loan tranche to Ziraat Bank for on-lending activities in 2021 (Linked to Project ID#96079)
Commitment amount
$ 77519379.84496124
Adjusted commitment amount
$ 77519379.84
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Türkiye
Sector
Unallocated/unspecified (Code: 998)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On March 11, 2011, the Export-Import Bank of China and T.C. Ziraat Bank — a Turkish state-owned bank — signed a $396,815,535 inter-bank loan agreement with two tranches (an RMB 500 million tranche and a $320 million loan tranche) with identical borrowing terms: a 2.1-year maturity and a 2.1 year grace period. The RMB 500 million loan tranche is captured here. The $320 million loan tranche is captured via Project ID#96079. The loan is not backed by a sovereign guarantee from the Government of Turkey. The borrower is expected to use the loan proceeds for on-lending activities.
Number of official sources
2
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
Türkiye Ziraat Bankası A.Ş. (Ziraat Bank) [State-owned Bank]
Implementing agencies [Type]
Türkiye Ziraat Bankası A.Ş. (Ziraat Bank) [State-owned Bank]
Loan Details
Maturity
2 years
Grace period
2 years