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Perspective
02 October 2013

ICBC provides first rand financing

Region:
Middle East & Africa
Jonathan Bell
Jonathan Bell
Editor-in-chief
The Industrial and Commercial Bank of China (ICBC) has provided more than ZAR180 million ($18.2 million) financing to a 27MW wind project near Nelson Mandela Bay, Eastern Cape, South Africa. The loan is the Chinese bank’s first rand-denominated transaction ever.

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