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Completed Mixed AidData Chinese Aid

CDB contributes to $200 million syndicated loan with Banco de Chile

$13.33M USD

Funder China Development Bank (CDB)
Recipient Organization Banco de Chile
Country Chile
Start Date Feb 09, 2011
End Date Jan 29, 2033
Duration 8,025 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 69781
Grant Description

China Development Bank contributes to USD 200 million syndicated loan for Banco de Chile On February 9, 2011, Banco de Chile signed a second syndicated loan agreement with 15 Asian financial institutions from China, Japan, and Malaysia for an amount of USD 200 million. The maturity length of the loan was three years.

Its interest rate was LIBOR (0.232% in February 2011) plus 110 basis points. China Development Bank's specific contribution to the loan agreement is unknown.

📋 Staff Comments
  1. For the time being, AidData has estimated the contribution of CDB by assuming that the fifteen lenders contributed equal amounts ($13,333,333) to the loan syndicate.
  2. Banco de Chile, is a Chilean bank and financial services company with headquarters in Santiago. It is a commercial bank that provides a complete range of financial services to a client base, which includes large corporations, SMEs and private clients.
  3. For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.
📚 Sources & References
  • Bank of Chile signs syndicated loan agreement with Asian financial institutions
  • Banco de Chile logra crédito por US$ 200 millones con 15 bancos asiáticos
  • Banco de Chile to keep searching for funding opportunities in Asian markets
  • 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

Banco de Chile

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