Active Development AidData Chinese Aid

China Eximbank provides $50 million bilateral loan to Afreximbank for on-lending purposes in September 2016

$50M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	African Export-Import Bank (Afreximbank)
Country	Africa, regional
Start Date	Sep 12, 2016
End Date	Mar 01, 2026
Duration	3,457 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`92320`

Grant Description

China Eximbank provides $50 million bilateral loan to Afreximbank for on-lending purposes in September 2016 On September 12, 2016, the African Export-Import Bank (Afreximbank) signed a $50 million bilateral term loan facility agreement with the Shanghai Branch of Export-Import Bank of China (Chian Eximbank).

📋 Loan / Grant Terms

💰 Loan Amountcarried a 5-year maturity and an interest rate of LIBOR plus a 1

📅 Maturity5 years

📋 Staff Comments

1. 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

Afreximbank closes $300 million China Exim-backed loan
Afreximbank secures $300m China Exim-backed loan for African trade
In loan to Afreximbank
China's Eximbank makes first guarantee outside of China
Afreximbank earns first China Exim guarantee
Afreximbank closes its first China syndicated loan 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.