Project ID: 42724

CDB signs 500 mln USD deal with ICICI Bank for facility management

Pledged amount

$ 696363467.8981202

Adjusted pledged amount

$ 696363467.8981202

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

India

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2010-12-15

Description

On December 15, 2010, the China Development Bank signed financial pacts worth billions of dollars, including one with Reliance Power and another with ICICI Bank, as part of some 50 business deals sealed during Chinese Premier Wen Jiabao's visit to India. Premier Wen said during an engagement with business leaders of the two sides here that pacts worth $16 billion between companies and enterprises of the two sides would be signed during his three-day India visit. The pact with Reliance Power, a part of the Anil Ambani Group, calls for a $4.63-billion project financing, while the one with ICICI Bank is for a 500 million USD facility agreement. According to a September 2014 article from ICICI, the 500 million USD agreement signed with China Development Bank in December 2010 was a memorandum of understanding.

Number of official sources

1

Number of total sources

6

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

ICICI Bank Limited [Private Sector]

Loan Details

Bilateral loan