Project ID: 97822

ICBC provides RUB 2 billion revolving credit facility to Segezha Group for general corporate purposes

Commitment amount

$ 34483190.108684756

Adjusted commitment amount

$ 34483190.11

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Russia

Sector

Business and other services (Code: 250)

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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2019-02-01

Description

In February 2019, ICBC signed an agreement with Segezha Group, a Russian timber company, for a RUB 2 billion revolving credit facility for general corporate purposes. Lending terms are unknown. The proceeds of the facility will go towards Segezha Group's corporate activities and serves as Segezha Group's first time borrowing from a Chinese bank, as the company seeks to increase its exports to China.

Number of official sources

0

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Segezha Group [Private Sector]

Loan Details

Bilateral loan

Revolving credit facility