Bilateral loans archive

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New bilateral loans between 1 July 2022 – 31 March 2025

New bilateral loans between 1 July 2022 – 31 March 2025
Date of loan agreement Lender Beneficiary Use of proceeds Loan amount Loan currency Interest rate Maturity (years) Grace period (months) Collateral
18/10/2022 AIFFP* Republic of Fiji Transport infrastructure 40,000,000 USD SOFR + margin 10–15 36 N/A
15/12/2022 AIFFP* Democratic Republic of Timor‑Leste Transport infrastructure 40,000,000 USD SOFR + margin 20–25 60 N/A
15/12/2022 Australian Government Independent State of Papua New Guinea Budget Support 750,000,000 AUD Australian Government cost of borrowing 20–25 0 N/A
8/12/2023 Australian Government Independent State of Papua New Guinea Budget Support 600,000,000 AUD Australian Government cost of borrowing 20 0 N/A
12/12/2024 Australian Government Independent State of Papua New Guinea Budget support and PNG reform efforts under multilateral development programs 570,000,000 AUD Australian Government cost of borrowing 20 N/A N/A

* Australian Infrastructure Financing Facility for the Pacific

Secured Overnight Financing Rate

At the time of drawdown as determined by the daily yield on Australian Government bonds with a 10 year maturity