Active Development AidData Chinese Aid

CDB provides $200 million loan via $650 million credit line to the Development Bank of Kazakhstan (Linked to Record ID#59136, #53574, and #53572)

$200M USD

Funder	China Development Bank (CDB)
Recipient Organization	Development Bank of Kazakhstan JSC (Baiterek or DBK)
Country	Kazakhstan
Start Date	Mar 17, 2015
End Date	Jul 21, 2032
Duration	6,336 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`53573`

Grant Description

CDB provides $200 million loan via $650 million credit line to the Development Bank of Kazakhstan On March 17, 2015, China Development Bank (CDB) signed a $650 million credit line agreement with the Development Bank of Kazakhstan JSC (DBK), as captured via Record ID#53574.

The credit line was intended to finance projects in the sectors of energy, transport, infrastructure, manufacturing, information technologies, agriculture, and other sectors. The credit line aimed to finance joint Kazakh-Chinese and other projects. The maturity date of each loan made under this loan agreement was June 15, 2025.

In June 2015, DBK drew down $200 million from the credit line (as captured via Record ID#53573). The intended use of these funds is unclear. The interest rate was initially 5.7%. The loan's interest rate was changed from fixed to floating in 2016. In 2016, DBK drew down $170 million for unspecified purposes, as captured via Record ID#53572.

Then, between December 31, 2016 and June 30, 2017, DBK drew down an additional $80 million for unspecified purposes, leaving the credit line with $200 million remaining, as captured via Record ID#59136.

📋 Staff Comments

1. Although the interest rate changed from fixed to floating, in the absence of the current floating, AidData has elected to keep 5.7% as the coded interest rate for the time being.

📚 Sources & References

DBK 2015 Annual Report
Development Bank of Kazakhstan Base Prospectus 2017 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.