china development bank joins loan syndicate, page-2

I can only say WOW!

"Emerging lithium producer, Galaxy Resources Limited (ASX: GXY), is pleased to announce that China Development Bank
Corporation (CDB), China’s leading financial institution, has joined the project finance syndicate lead by Austrian bank,
Raiffeisen Zentralbank Österreich AG (RZB).
Both banks, RZB and CDB have conducted their respective due diligence on the Mt Cattlin and Jiangsu Projects and have
now approved the loan for A$130 million (US$ 105 million)."

I will also say this is fantastic ! (wish I had of bought more)

The lender:

"CDB is an international Chinese bank established in 1994 with total assets of 3,821 billion RMB."

Further comments:

"During the recent wave of
globalisation, the bank has taken the opportunity to enhance its role and reputation on the global stage. CDB has played a
prominent role in the development of China’s economy and society.
Galaxy Managing Director, Mr Iggy Tan said that attracting a project loan facility from two independent international banks of
the calibre of RZB and CDB is real benefit for the Company.
“We are delighted to have RZB and CDB as our new commercial finance partners and having recently achieved our first
drawdown of US$20 million, we look forward to accelerating the development of our projects and generating a return for our
shareholders.” Mr Tan said."

Regards B1