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Overview

Nanyang Commercial Bank contributes to EUR 260 million syndicated bullet loan to Inalfa Roof Systems

Commitments (Constant USD, 2023)$13,611,024
Commitment Year2022Country of ActivityNetherlandsDirect Recipient Country of IncorporationNetherlandsSectorIndustry, Mining, ConstructionFlow TypeLoan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Oct 1, 2022
Last repayment (originally scheduled)
Sep 30, 2024

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% Chinese ownership

Funding agencies

State-owned Commercial Banks

  • Nanyang Commercial Bank (NCB)

Cofinancing agencies

Private Sector

  • Bank of East Asia Limited (BEA)
  • Commerzbank Aktiengesellschaft (Commerzbank AG)
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • Credit Industriel et Commercial (CIC)
  • CTBC Bank (formerly Chinatrust Commercial Bank)
  • Fubon Financial Holding Co. Ltd.
  • ING Bank N.V.
  • Mizuho Bank, Ltd.
  • Rabobank International UK
  • Standard Chartered Bank PLC
  • The Shanghai Commercial & Savings Bank, Ltd. (SCSB)

State-owned Commercial Banks

  • Bank of Shanghai
  • China Bohai Bank
  • China CITIC Bank Corporation Limited
  • China Everbright Bank
  • China Merchants Bank Co., Ltd.
  • Industrial Bank Co., Ltd.
  • Shanghai Pudong Development Bank Co., Ltd. (SPDB)

Receiving agencies

Private Sector

  • Inalfa Roof Systems

Guarantors

State-owned companies

  • Beijing Hainachuan Automotive Parts Co. Ltd. (BHAP)

Loan description

EUR 260 million syndicated loan to Inalfa Roof Systems (Netherlands) in October 2022

Interest rate (t₀)3.559%Interest typeVariable Interest RateLoan tenor6-month rateMaturity2 years

Narrative

Full Description

Project narrative

In October 2022, Nanyang Commercial Bank contributed to an EUR 260 million syndicated bullet loan to Inalfa Roof Systems. Loan terms included a maturity of two years, top-level all-in pricing of 195bp via a margin of 175bp over EURIBOR and a 40bp fee, and a guarantee provided by Inalfa's parent company: Beijing Hainachuan Auto Parts (BHAP). This loan reflects an increase of an existing loan from EUR 170 million to EUR 260 million. Standard Chartered plc served as mandated lead arranger, bookrunner, and underwriter. Mandated lead arrangers in the syndicate were: China CITIC Bank (captured in Record ID#102187), China Everbright Bank (captured in Record ID#102188), Shanghai Pudong Development Bank (captured in Record ID#102189), Bank of Shanghai (captured in Record ID#102190), Bohai Bank (captured in Record ID#102191), Industrial Bank, Mizuho, Rabobank, ING, Bank of East Asia, Commerzbank, Credit Agricole CIB, and Fubon Financial Holding. Arrangers in the syndicate were China Merchants Bank (captured in Record ID#102192), Nanyang Commercial Bank (captured in Record ID#102193), Credit Industriel et Commercial, CTBC, , and Shanghai Commercial and Savings Bank.

Staff comments

1. The individual contributions of the 19 lenders to this EUR 260 million syndicated loan is unknown. For the time being, AidData has assumed each lender contributed equally (EUR 13,684,210.53) to the loan.