China Development Bank #412
Created at
2013-02-15
Last update
2013-08-06
0 Parents (Involvements as child)
5 Children (Involvements as parent)
ID
Name
[unknown investor]
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
ID
Name
China Africa Development Fund
Country of registration/origin
China
Classification
Private equity firm
Relationship
Subsidiary company
Investment type
Shares/Equity
Comment
The China-Africa Development Fund, is a Chinese private equity fund solely funded by China Development Bank, a Chinese government policy bank.
ID
Name
Kinsenda Copper Company SA
Country of registration/origin
Congo, Dem. Rep.
Classification
Private company
Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
225 000 000
Loan date
2014-05-29
Comment
On 29 May 2014, Kinsenda (as borrower), a 77% owned subsidiary of the Company, and JCG (as guarantor) entered into a facility agreement (“Facility Agreement 1”) with China Development Bank (“CDB”) (as lender) in relation to a term loan facility in an amount of US$225,000,000. The final repayment date of the term loan facility will be the date falling 10 years from the date of the first drawdown of such facility, which had taken place on 30 May 2014
ID
Name
Korba Power Ltd.
Country of registration/origin
India
Classification
Private company
Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
200 000 000
$
Loan date
2012
Comment
In 2012, China Development Bank gave US$200 million Buyers’ Credit for units 3 & 4 (1320 MW)
ID
Name
Philippine Fuhua Sterling Agricultural Technology Development Corporation
Country of registration/origin
Philippines
Classification
Private company
Relationship
Beneficiary company
Parent relation
Joint venture of parent companies
Investment type
Debt financing
Loan amount
3 800 000 000
$
Comment
CDB agreed to fund the venture’s capital needs. A briefing paper indicated Fuhua’s investments would be supplied by CDB over 5–7 years. It’s unclear if this would be a loan to Fuhua or a package to the PH government; critics feared it meant farmers or the PH government might incur debt. No funds were actually released due to the suspension.