Project ID: 96657

ICBC Phnom Penh and ICBC Berhad contributes in a $50 million USD syndicated secured term loan

Commitment amount

$ 56178230.613106966

Adjusted commitment amount

$ 56178230.61

Constant 2021 USD

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Cambodia

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2019-03-25

Description

On March 25, 2019, ICBC Phnom Penh Branch and Industrial and Commercial Bank of China (Malaysia) Berhad (ICBC Berhad) provides a syndicated secured term loan worth $50 million USD to PESTECH (Cambodia) PLC, a Cambodia-incorporated 100% subsidiary of Malaysia's Pestech International for unspecified purposes.

Additional details

The precise size of the contribution of each branch of ICBC to the loan syndicate is unknown. For the time being, AidData assumes equal contributions to the $50 million loan ($25,000,000) across the 2 known participants in the loan syndicate.

Number of official sources

1

Number of total sources

1

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Details

Cofinanced

Yes

Direct receiving agencies [Type]

PESTECH (Cambodia) PLC [Private Sector]

Loan Details

Syndicated loan