Overview

Bank of Communications contributes to a ¥32.0 billion JPY syndicated revolving loan to ORIX Corporation for general corporate purposes

Commitments (Constant USD, 2023)$46,894,561

Commitment Year•2010Country of Activity•JapanDirect Recipient Country of Incorporation•JapanSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 16, 2010

Last repayment (originally scheduled): Dec 16, 2011

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

China Bank of Communications (BoCom or BoComm)

Cofinancing agencies

Private Sector

Australia and New Zealand Banking Group (ANZ)
BNP Paribas S.A.
ING Bank N.V.
Intesa Sanpaolo S.P.A. (formerly Cariplo/Banca Intesa/BCI)
Mega International Commercial Bank Co., Ltd. (formerly International Commercial Bank of China)
National Australia Bank Limited (NAB)
Natixis

State-owned Banks

Bank of Taiwan
State Bank of India (SBI)

Receiving agencies

Private Sector

ORIX Corporation

Loan description

2010 syndicated ¥32.0 billion JPY revolving loan from BoComm for general corporate purposes

Interest type•UnknownMaturity•1 years

Narrative

Full Description

Project narrative

On December 16, 2010, a syndicate of 10 banks — including the Bank of Communications (BoComm) — entered into ¥32.0 billion JPY syndicated revolving loan agreement with ORIX Corporation — a Japanese financial services company — for general corporate purposes. This loan carried a maturity period of one year. The Tokyo Branch of BNP Paribas S.A. served as sole bookrunner. ING Bank N.V. joined in syndication as a mandated lead arranger. Intesa Sanpaolo S.p.A. and Natixis joined in syndication as lead arrangers. BoComm, Australia and New Zealand Banking Group (ANZ), Bank of Taiwan, Mega International Commercial Bank, National Australia Bank (NAB), and State Bank of India (SBI) joined in syndication at lower tiers.

Staff comments

1. The individual contributions of the 10 lenders to this ¥32.0 billion JPY syndicated loan are unknown. For the time being, AidData has estimated BoComm's contribution by assuming that each contributed equally (¥3,200,000,000 JPY) to the loan syndicate.