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Bank of China provides RMB 560 million loan to SPIC Brasil Energia Participações S.A. for debt refinancing purposes (Linked to Record ID#60193)
| Funder | Bank of China (BOC) |
|---|---|
| Recipient Organization | SPIC Brasil Energia Participações S.A. |
| Country | Brazil |
| Start Date | Oct 16, 2023 |
| End Date | Jul 07, 2026 |
| Duration | 995 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 107308 |
Grant Description
Bank of China provides RMB 560 million loan to SPIC Brasil Energia Participações S.A. for debt refinancing purposes On October 16, 2023, Bank of China and SPIC Brasil Energia Participações S.A. -- a Brazilian subsidiary of the State Power Investment Corporation of China (SPIC) -- signed an RMB 560 million loan agreement for debt refinancing purposes.
The borrower is responsible for repaying the loan in one lump-sum upon maturity.
Staff Comments
1. State Power Investment Corporation of China (SPIC) is a Chinese state-owned enterprise. It was the successor of China Power Investment Corporation after it was merged with the State Nuclear Power Technology Corporation (SNPTC) in 2015.
Sources & References
- SPIC Brasil anuncia transação financeira no mercado brasileiro
- Demonstrações Contábeis Individuais e Consolidadas SPIC Brasil Energia Participações S.A. 31 de dezembro de 2023 e 2022 com Relatório do Auditor Independente 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
SPIC Brasil Energia Participações S.A.
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