Bank of China provides USD 40 million loan to Celulose Irani S.A.

$40M USD

Funder	Bank of China (BOC)
Recipient Organization	Celulose Irani S.A.
Country	Brazil
Start Date	Apr 01, 2018
End Date	Dec 18, 2032
Duration	5,375 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60354`

Grant Description

In April 2018, Bank of China (BOC) provided a USD 40 million loan to Celulose Irani S.A. (Irani Paper and Packaging S.A.), a Brazil-based company engaged in the paper, cardboard packaging, and forestry products industries. The loan's borrowing terms and purpose are unclear. The Brazil Central Bank lists the loan registration (ID TA817334) as cancelled.

📋 Staff Comments

The Portuguese name for Celulose Irani S.A. (Irani Paper and Packaging S.A.) is Irani Papel e Embalagem S.A.

📚 Sources & References

BrazilCentralBank_September102018
Habitasul coloca à venda Celulose Irani, dizem fontes 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.