China Development Bank provides $8,519,965 loan to State Grid Brazil Holding S.A. in December 2013

Funder	China (People's Republic of)
Recipient Organization	Brazil
Country	Brazil
Start Date	Apr 29, 2013
End Date	Nov 04, 2029
Duration	6,033 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60087`

Grant Description

China Development Bank loans $8,519,965 to State Grid Brazil Holding S.A. in December 2013 On December 20, 2013, China Development Bank contracted a $8,519,965 loan to State Grid Brazil Holding S.A. for its subsidiary Poços de Caldas Transmissora de Energia S.A. ( PCTE).

📋 Loan / Grant Terms

💰 Loan Amounthas an interest rate of LIBOR + 0

It is implied that State Grid International Development (SGID) is involved, at the very least as guarantor, on this loan. 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.