Overview

China Development Bank provides a RMB 75 million loan to Todd & Duncan Limited for unspecified purposes

Commitments (Constant USD, 2023)$13,185,322

Commitment Year•2011Country of Activity•United KingdomDirect Recipient Country of Incorporation•United KingdomSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 18, 2011

Stakeholders

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

Ultimate beneficial owners

At least 25% Chinese ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

Private Sector

Todd & Duncan Limited

Collateral providers

Private Sector

Todd & Duncan Limited

Loan description

China Development Bank provides a RMB 75 million loan to Todd & Duncan Limited for unspecified purposes

Interest type•Unknown

Collateral

This loan was secured by all and whole the subjects known generally as Lochleven Mill on the east side of High Street, Kinross registered in the Land Register of Scotland under Title Number KNR2953.

Narrative

Full Description

Project narrative

On October 18, 2011, China Development Bank Corporation (CDB) entered into a RMB 75,000,000 facility agreement with Todd & Duncan Limited — a Kinross, Scotland-based cashmere and lambswool company and wholly-owned subsidiary of Chinese textile and cashmere company Ningxia Zhongyin Cashmere Co., Ltd. — for unspecified purposes. This loan was secured by (i.e. collateralized against) all and whole the subjects known generally as Lochleven Mill on the east side of High Street, Kinross registered in the Land Register of Scotland under Title Number KNR2953. The security was modified on December 11, 2012, and then satisfied on May 9, 2013.