CORPORATE LOAN TO TRUSTCO FINANCE LIMITED


Overview

  • Reference: P-NA-HB0-001
  • Approval date: 07/12/2011
  • Start date: 12/12/2012
  • Appraisal Date: 24/05/2010
  • Status: OngoingOnGo
  • Implementing Agency: TRUSTCO FINANCE LIMITED
  • Location: NAMIBIA

Description

A line of credit (LOC) in South African rand (


Objectives

To provide Trustco Finance with the necessary funds to continue funding students in Namibia.


Rationale

This proposed transaction fits with OPSM


Benefits

The AfDB has been requested to provide an LOC in ZAR equivalent to US$10 million which would represent almost 22.43% of the Client


Key contacts

ANSAH Dennis - OPSD4


Costs

Finance source Amount
ADBZAR 5,178,004
DeltaZAR 104
TotalZAR 5,177,900