China receives NIB loan programmes
(Thomson Reuters ONE) -
The Nordic Investment Bank (NIB) and the Ministry of Finance of China have
agreed on two new long-term loan programmes, the General LP and the
Environmental LP, totalling together USD 200 million.
The aim of the USD 150 million General Loan Programme is to finance
modernisation projects that can benefit from Nordic/Baltic state-of-the-art
technologies and equipment. The funds of the USD 50 million Environmental Loan
Programme will be lent on for projects aimed at improving the environmental
situation in China through pollution abatement and the application of
environment-friendly technologies supplied from NIB's member countries.
"NIB will closely cooperate with Chinese governmental agencies identify eligible
projects that address, among other issues, climate change or improve energy
efficiency," says Johnny Åkerholm, NIB President and CEO.
"We hope that these programmes will contribute to the modernisation of the
Chinese industries and utilities by facilitating the transfer of innovative
environmental technologies and equipment from NIB's member countries."
Both programmes have a repayment tenor of up to 15 years. Onlending to the
subprojects will be carried out through ten major Chinese banks, including the
Export-Import Bank of China, the Agricultural Bank of China, the Chinese
Construction Bank, the Industrial and Commercial Bank of China and the Bank of
China.
NIB has been active in the Chinese market for over two decades. Funds provided
by the Bank have been lent on for the financing of over 300 projects throughout
China relating to energy efficiency, health care service, agricultural
processing, rural development, education and infrastructure. China is NIB's
largest single borrower outside the membership area.
The Nordic Investment Bank is the common international financial institution of
the eight Nordic and Baltic countries. NIB provides long-term financing to the
energy, environmental, transport, logistics and communications, and innovation
sectors for projects that strengthen competitiveness and enhance the
environment. NIB has the highest possible credit rating, AAA/aaa, with the
leading rating agencies Standard & Poor's and Moody's.
For further information, please contact
Mr Xuemin Shao, Chief Representative for China and East Asia, at
+358 10 618 0334,xuemin.shao(at)nib.int
Mr Dimitrijs Alehins, Senior Communications Specialist, at
+358 10 618 0296,dimitrijs.alehins(at)nib.int
[HUG#1455251]
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Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 26.10.2010 - 12:58 Uhr
Sprache: Deutsch
News-ID 46213
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Town:
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Kategorie:
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