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CDB provides RMB 66 million loan to Canadia Bank for agriculture (Linked to Record ID#62347)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Canadia Bank PLC |
| Country | Cambodia |
| Start Date | Dec 13, 2010 |
| End Date | Nov 30, 2033 |
| Duration | 8,388 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 62348 |
Grant Description
CDB provides RMB 66 million loan to Canadia Bank for agriculture On December 13, 2010, CDB and Canadia Bank signed two loan facility agreements.
The first one amounted to US$20 million (see #62347) and the second facility agreement amounted to 66 million RMB (approximately US$10 million).
Dieter Billmeier, Canadia Bank’s vice president said they will use the loans to more funds into agriculture and related areas.
The LIBOR rate is not identified in reports, so the average 6 Month LIBOR rate from December 2010 (when the financing agreement was signed) is used in the interest rate calculation. The total interest rate is 0.458% + 4.00% = 4.458%. There's no grace period ("CanadiaBank_AnnualReport_2010_ENG.pdf" pdf p.63).
As of December 31, 2010, Canadia Bank had drawn down $10 million USD from the $20 million USD facility.
As of December 31, 2010, Canadia Bank had drawn down $17 million USD total from the $20 million USD facility and $470,000 from the RMB 66 million facility.
Sources & References
- CanadiaBank_AnnualReport_2010_ENG.pdf
- 泛北合作硕果累累：南宁至新加坡公路通道基本贯通
- CanadiaBank_AnnualReport_2010_ENG.pdf
- Global Cooperation Business
- 国家开发银行助力“中国因素”融入“泛北”合作
- Annual Report 2011 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
Canadia Bank PLC
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