China Eximbank provides $320 million loan tranche to Ziraat Bank for on-lending activities in 2021 (Linked to Record ID#96080, ID#94391)

¥320M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Türkiye Ziraat Bankası A.Ş. (Ziraat Bank)
Country	Turkey
Start Date	Mar 11, 2021
End Date	Apr 08, 2028
Duration	2,585 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`96079`

Grant Description

China Eximbank provides $320 million loan tranche to Ziraat Bank for on-lending activities in 2021 On March 11, 2011, the Export-Import Bank of China and T.C.

📋 Loan / Grant Terms

💰 Loan Amountagreement with two tranches (an RMB 500 million tranche and a $320 million loan tranche) with identical borrowing terms: a 2

📅 Maturity2.1 years

⏳ Grace Period2.1 years

The RMB 500 million loan tranche is captured via Record ID#96080. The $320 million loan tranche is captured here. The loan is not backed by a sovereign guarantee from the Government of Turkey. The borrower is expected to use the loan proceeds for on-lending activities.

📚 Sources & References

Public Debt Management Report
INTEGRATED ANNUAL REPORT 2021 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.