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CDB provides $300 million term master facility to DBZ for on-lending purposes in May 2023
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Development Bank of Kazakhstan JSC (Baiterek or DBK) |
| Country | Kazakhstan |
| Start Date | May 18, 2023 |
| End Date | Dec 12, 2031 |
| Duration | 3,130 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 106721 |
Grant Description
CDB provides $300 million term master facility to DBZ for on-lending purposes in May 2023 On May 18, 2023, China Development Bank (CDB) and Development Bank of Kazakhstan JSC signed a $300 million term master facility. The complete borrowing terms of the facility are unknown.
However, it is known that the borrower is expected to on-lend the proceeds of the loan to support investment projects in such sectors of Kazakhstan economy as energy, transport, mining, petrochemical production, the production of building materials, and agriculture. The facility matures in 15-years from the draw down date under each sub-loan agreement.
In May 2024 and August 2024, DBK drew down U.S.$15.9 million and U.S.$7.2 million under the master facility, respectively.
Proceeds of these drawdowns are to finance the construction of a plant for the production of a complex alloy, ferrosilicon.
As at 30 June 2024, the aggregate principal amount outstanding under the master facility agreement was U.S.$15.9 million.
Sources & References
- Development Banks of Kazakhstan and China agree to finance investment projects
- Development Banks of Kazakhstan and China agree to finance investment projects
- Base Information Memorandum - JSC Development Bank of Kazakhstan U.S.$3,000,000,000 MEDIUM TERM NOTE PROGRAMME
- Supplement to Base Information Memorandum
- Kazakhstan and China Signed 47 Documents Worth $22 Billion at the Investment Roundtable,
- Chinese policy bank sets up 10 bln yuan of special loan for China-Central Asia cooperation
- Chinese policy bank increases support for China-Central Asia cooperation
- 中国新闻社：国开行设立100亿元人民币等值专项贷款支持中国－中亚合作
- Chinese policy bank increases support for China-Central Asia cooperation Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Development Bank of Kazakhstan JSC (Baiterek or DBK)
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