Completed Mixed AidData Chinese Aid

China Development Bank provides USD $31 million to finance Millicom’s equipment purchases from Huawei

$31M USD

Funder	China Development Bank (CDB)
Recipient Organization	Millicom Tchad S.A.
Country	Chad
Start Date	May 01, 2007
End Date	Sep 08, 2033
Duration	9,627 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`55446`

Grant Description

China Development Bank provides USD $31 million to finance Millicom’s equipment purchases from Huawei In May 2007, Millicom Tchad S.A. — Millicom’s local affiliate in Chad — signed a $31 million loan agreement with China Development Bank to finance its equipment purchases from Huawei.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: an interest rate of LIBOR plus a 2% margin

The loan was 100% guaranteed by Millicom.

Its (principal) amount outstanding was $21 million as of December 31, 2010, $7 million as of December 31, 2011, and $1 million as of December 31, 2012. The loan was repaid in full in January 2013.

📋 Staff Comments

1. For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

Millicom International Cellular S.A. Annual Report 2012
FORM 20-F
Millicom International Cellular S.A. Annual Report and Accounts 2007
OFFERING MEMORANDUMNOT FOR GENERAL DISTRIBUTION IN THE UNITED STATESCONFIDENTIALMillicom International Cellular S.A.$500,000,000 4.750% Senior Notes due 2020 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.