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Decision on Increase in Long-term Borrowings
July 10, 2020 | Unofficial Translation
1 | Amount of Borrowings | US$130,000,000 |
2 | Interest Rate | Ranging: 5.00% - 6.00% (all in costs) |
3 | Term of Borrowings | 3 years |
4 | Date of Disbursement | 2020-07-27 |
5 | Maturity Date | 2023 |
6 | Name of Creditor | CHINA DEVELOPMENT BANK GUANGXI BRANCH |
7 | Debt-to-Equity Ratio (%) | 13.50% |
8 | Total Debt-to-Equity Ratio (%) | 535.58% |
9 | Shareholder Equity | ≥ 30 Billion KHR |
10 | Description | The long term facility is to support strategic growth and diversification of funding sources in line with the Bank's plan. |
11 | Reason | This facility will provide new loans to small and medium enterprises. |