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China Development Bank provides $48,800,000 loan to State Grid Brazil Holding S.A. in September 2012
| Funder | China (People's Republic of) |
|---|---|
| Recipient Organization | Brazil |
| Country | Brazil |
| Start Date | May 09, 2012 |
| End Date | Dec 25, 2032 |
| Duration | 7,535 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 60002 |
Grant Description
China Development Bank loans $48,800,000 to State Grid Brazil Holding S.A. in September 2012 In September 2012, China Development Bank provided a $48,800,000 loan to State Grid Brazil Holding S.A. for its subsidiary Serra Paracatu Transmissora de Energia S.A. (SPTE).
According to page 6 of the report released by State Grid Corporation of China, the loan has an interest rate of LIBOR + 2.85% (Sep. 2012 6 month average LIBOR + 2.85=3.522%). The period of maturity is 12-years with payments of principal and semi-annual interest. 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.
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Brazil
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