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CDB provides $40 million loan to Global Bank Corporation of Panama for working capital purposes in June 2018
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Global Bank Corporation S.A. of Panama |
| Country | Panama |
| Start Date | Jun 01, 2018 |
| End Date | Aug 30, 2031 |
| Duration | 4,838 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 92105 |
Grant Description
CDB provides $40 million loan to Global Bank Corporation of Panama for working capital purposes in June 2018 In June 2018, Global Bank Corporation of Panama entered into a $40 million term facility agreement with China Development Bank for working capital purposes. The final maturity date of the loan is in 2021.
Sources & References
GLOBAL BANK CORPORATION U.S.$300,000,000 Senior Fixed to Floating Notes due 2029 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
Global Bank Corporation S.A. of Panama
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