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ICBC provides USD 15 million loan to Jalles Machado S.A.
| Funder | Industrial and Commercial Bank of China (ICBC) |
|---|---|
| Recipient Organization | Jalles Machado S.A. |
| Country | Brazil |
| Start Date | May 01, 2018 |
| End Date | Sep 10, 2033 |
| Duration | 5,611 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 60437 |
Grant Description
ICBC provides USD 15 million loan to Jalles Machado S.A.
In May 2018, the Industrial and Commercial Bank of China (ICBC) provided a USD 15 million loan to Jalles Machado S.A., a Brazil-based company producing ethanol, sugar, energy, sanitizing items, yeast, and other organic food products. The loan's borrowing terms and purpose are unclear.
The Brazil Central Bank lists the loan registration (ID TA815182) as complete and they had an "early receipt of exports."
Staff Comments
The borrower's financial report published in March 2019 might suggest that this loan is collateralized with exports of unspecified Jalles Machado S.A. products (p. 58). The same report mentions CRAs (p. 58)-- these are Agribusiness Receivables Certificates. See here for more information: https://www.mondaq.com/brazil/securitization-structured-finance/754956/brazil39s-new-regulation-on-agribusiness-receivables-certificates-cra
Sources & References
- BrazilCentralBank_September102018
- Demonstracoes financeiras individuais e consolidadas em 31 de marco de 2019
- Jalles Machado registra lucro líquido de R$ 115,7 milhões no 1T22
- 巴西推出大型农牧业信贷计划 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.
All Grantees
Jalles Machado S.A.
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