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Overview

ICBC contributes 28 million USD to a syndicated loan for Reliance Ports and Terminals and Reliance Utilities (linked to Record ID#104740)

Commitments (Constant USD, 2023)$46,523,807
Commitment Year•2007Country of Activity•IndiaDirect Recipient Country of Incorporation•IndiaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 1, 2007
Last repayment (originally scheduled)
Apr 28, 2017

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

  • Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Intergovernmental Organizations

  • Bank of Bahrain and Kuwait B.S.C (BBK)

Private Sector

  • Ahli United Bank
  • Banco Espírito Santo, S.A. (BES)
  • Bank SinoPac
  • Banque Fédérative du Crédit Mutuel (BFCM) (CM-CIC)
  • BNP Paribas S.A.
  • Dah Sing Bank
  • DBS Bank Ltd.
  • DNB Bank ASA (formerly DnB NOR ASA)
  • Fortis Bank
  • ICICI Bank Limited
  • Intesa Sanpaolo S.P.A. (formerly Cariplo/Banca Intesa/BCI)
  • Mashreq Bank
  • Mitsubishi UFJ Financial Group
  • Old Mutual Group
  • Standard Chartered Bank PLC
  • Sumitomo Mitsui Banking Corporation (SMBC)

State-owned Banks

  • Abu Dhabi Commercial Bank PJSC (ADCB)
  • Arab Banking Corporation (Bank ABC)
  • Bank of Taiwan
  • Bayerische Landesbank (BayernLB)
  • Emirates Bank International PJSC (EBI)
  • Emirates NBD Bank P.J.S.C.
  • First Gulf Bank (FGB)
  • Union National Bank (UNB)

State-owned Commercial Banks

  • China Construction Bank Corporation (CCB)

Receiving agencies

Private Sector

  • Jamnagar Utilities & Power Private Limited (formerly Reliance Utilities And Power Private Limited)
  • Reliance Ports and Terminals Pvt. Ltd. (RPTL)

Loan description

China Construction Bank and ICBC contributions to USD 925 million syndicated loan for Reliance Ports and Terminals and Reliance Utilities

Interest type•UnknownMaturity•10 years

Narrative

Full Description

Project narrative

In May 2007, Reliance Ports and Terminals and Reliance Utilities signed a 925 million USD syndicated 10-year. ICICI Bank held a majority of the loan at $236 million and Standard Chartered with $60 million. Mashreqbank participated on a $44.5m ticket. Arab Banking Corp, BNP Paribas, DBS, Intesa Sanpaolo and Sumitomo Mitsui Banking Corp all committed $34.5m. Emirates Bank, Union National Bank, Abu Dhabi Commercial Bank, Banco Espirito Santo de Investimento, First Gulf Bank and Old Mutual lent $30m. Industrial & Commercial Bank of China took a $28m ticket (as recorded in this project). Banque Federative du Credit Mutuel, BayernLB and Mitsubishi UFJ took $24m. China Construction Bank (recorded in Record ID#104740), DnB NOR Bank, Fortis and Industrial Bank of Korea committed $16m. Ahli United Bank and the National Bank of Dubai lent $15m each. Bank of Bahrain & Kuwait, Bank of Taiwan and Dah Sing Financial Holdings took $10m. Bank Sinopac lent $8m.