NIB Nordic Investment Bank

Loan

China. Government through Ministry of Finance

Date of loan: 5 May 2017
Country: China
Customer: Government through Ministry of Finance
Amount in EUR: EUR 150 million
Maturity: 18 years
NACE sector / loan type: Loan programme

Sectors

Financial institutions and SMEs

Environmental effect

This loan contributes to climate change mitigation: 75%

Project

The loan programme has been provided for onlending to projects fulfilling NIB’s mandate within selected sectors of the Chinese economy. It is expected that the loan facility will finance larger projects that take advantage of technology and know-how from the Bank’s member countries. The facility will be targeted mainly towards environmental projects. The sectors will be agreed with the Ministry of Finance and reviewed at regular intervals. Funds under the loan programme will be allocated to individual projects with loan maturities from ten to thirteen years.

Fulfilment of NIB's mandate

A project under the loan programme is deemed to have met NIB’s competitiveness impact criteria if its share of the member country content is at least 30%. In order to ensure the fulfilment of the environmental mandate, at least 75% of the projects financed under the loan programme are expected to meet NIB’s climate change mitigation criteria.

Sustainability summary

All projects will be reviewed against the criteria as defined in NIB's Sustainability Policy and Guidelines.

Back to agreed loans

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