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Multinational - Eastern and Southern Africa Development Bank - Line of Credit (LoC) V

Sector: Manufacturing (Industrial) • Location: Multinational

Source: African Development Bank (AfDB)

Project

The present projet is a USD 180 million Line of Credit (LoC) to Eastern and Southern Africa Trade and Development Bank (PTA Bank), a regional Development Finance Institution (DFI) established in 1985 by African and non-regional sovereigns institutional shareholders. The Bank is an equity holder of PTA with an equity commitment of close to UA 62.4 million. PTA provides project and trade finance fac

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The project “Multinational - Eastern and Southern Africa Development Bank - Line of Credit (LoC) V” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Multinational. Taiyo aggregates data on it from African Development Bank (AfDB).

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Description

Description

The present projet is a USD 180 million Line of Credit (LoC) to Eastern and Southern Africa Trade and Development Bank (PTA Bank), a regional Development Finance Institution (DFI) established in 1985 by African and non-regional sovereigns institutional shareholders. The Bank is an equity holder of PTA with an equity commitment of close to UA 62.4 million. PTA provides project and trade finance facilities to private sector operators. This transaction is the fifth LoC provided to PTA with a total debt exposure amounting to USD 145 Million. The LoC will be used to finance projects in infrastructure, agriculture, manufacturing, health and transport and logistics. It is envisaged that 20% of the financing will support fragile states although this is not supported by the indicative pipeline.

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Source reliability

High

Data quality score

100%

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