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China Development Bank provides $53,400,000 loan to State Grid Brazil Holding S.A.
| Funder | China (People's Republic of) |
|---|---|
| Recipient Organization | Brazil |
| Country | Brazil |
| Start Date | Nov 10, 2012 |
| End Date | Apr 01, 2030 |
| Duration | 6,351 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 60004 |
Grant Description
China Development Bank loans $53,400,000 to State Grid Brazil Holding S.A.
In September 2012, China Development Bank provided a $53,400,000 loan to State Grid Brazil Holding S.A. for its subsidiary Ribeirão Preto Transmissora de Energia S.A. (RPTE).
According to page 6 of the report released by State Grid Corporation of China, the loan originated from an agreement made on July 20, 2012.
It has an interest rate of LIBOR + 2.85% (Sep. 2012 6 month average LIBOR + 2.85 = 3.522) and a maturity of 12-years with payments of principal and semiannual 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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