China Eximbank provides $200 million loan to Global Bank Corporation of Panama for working capital and general corporate purposes in March 2019

$200M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Global Bank Corporation S.A. of Panama
Country	Panama
Start Date	Mar 01, 2019
End Date	Oct 04, 2027
Duration	3,139 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`92107`

Grant Description

China Eximbank provides $200 million loan to Global Bank Corporation of Panama for working capital and general corporate purposes in March 2019 In March 2019, Global Bank Corporation of Panama entered into a $200 million loan agreement with China Eximbank for working capital and general corporate purposes.

Under the agreement, there may be several disbursements, for a minimum of $50.0 million, which will mature 36 months after the first disbursement. The availability period for disbursements ends 12 months starting April 2019.

📚 Sources & References

List of Deliverables of the Second Belt and Road Forum for International Cooperation
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.