Overview

ICBC (London) contributes 7.5 million USD to a syndicated loan for Punjab National Bank in July 2005

Commitments (Constant USD, 2023)$15,032,479

Commitment Year•2005Country of Activity•IndiaDirect Recipient Country of Incorporation•IndiaOverseas Jurisdiction•United KingdomSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 25, 2005

Last repayment (originally scheduled): May 22, 2009

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

ICBC (London) PLC

Cofinancing agencies

Private Sector

BNP Paribas S.A.
Chang Hwa Commercial Bank Limited
Chiao Tung Bank Company Ltd.
DBS Bank Ltd.
DZ Bank AG
First Commercial Bank Limited
International Commercial Bank of China
Lloyds Bank plc (formerly Lloyds TSB Bank PLC)
Natexis Banques Populaires
Sampo Bank PLC
The Bank of Tokyo-Mitsubishi, Ltd. (BTM)
UniCredit Bank AG
Wachovia Bank, N.A.

State-owned Banks

Emirates NBD Bank P.J.S.C.
Hamburg Commercial Bank (HSOB) (Formerly HSH Nordbank AG)

Receiving agencies

State-owned Banks

Punjab National Bank (PNB)

Loan description

ICBC (London) contribution to USD 100 million syndicated loan for Punjab National Bank in July 2005

Interest type•UnknownMaturity•3.83 years

Narrative

Full Description

Project narrative

On July 25 2005, a 100 million USD syndicated loan was signed for Punjab National Bank. Mandated lead arrangers DBS Bank held $10m, Bank of Tokyo-Mitsubishi, BNP Paribas and DZ Bank (Singapore) lent $8m apiece and HSH Nordbank (Singapore) and Natexis Banques Populaires (Singapore) provided $5m each. Arrangers are ICBC (London), International Commercial Bank of China and Lloyds TSB Bank contributing $7.5m apiece. Lead managers include Wachovia Bank with a ticket of $6.5m, Chang Hwa Commercial Bank (Singapore), Chiao Tung Bank, National Bank of Dubai and UniCredito Italian absorbing $5m each, First Commercial Bank committing $4m and Sampo Bank holding $3m. The loan carried a maturity period of three years and 10 months.