Petrobras Global Trading B.V. borrows $714 million from China Eximbank via $750 million credit line

$714K USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Petrobras Global Trading B.V. (PGT BV)
Country	Brazil
Start Date	Dec 23, 2019
End Date	Nov 09, 2030
Duration	3,974 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`89674`

Grant Description

Petrobras Global Trading B.V. borrows $714 million from China Eximbank via $750 million credit line On December 23, 2019, China Eximbank issued a $750 million line of credit to Petrobras Global Trading B.V. (PGT BV) with a final maturity date of December 27, 2021. As of 2020, $714 million of the $750 million credit line was drawn down by the borrower.

📚 Sources & References

China's Global Energy Finance
China-Latin America Finance Database
Chinese Economic Statecraft and China's Oil Development Finance in Brazil
PETROBRAS-CHINA RELATIONS: TRADE
INVESTMENTS
INFRASTRUCTURE PROJECTS AND LOANS1
进出口银行 2020 年度报告 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.