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Overview

China Construction Bank contributes to $43 million syndicated loan for Moscow Narodny Bank (Linked to Record ID#104776)

Commitments (Constant USD, 2023)$12,922,952
Commitment Year2004Country of ActivityRussiaDirect Recipient Country of IncorporationUnited KingdomSectorBanking And Financial ServicesFlow TypeLoan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 21, 2004

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 Construction Bank Corporation (CCB)

Cofinancing agencies

Private Sector

  • Hua Nan Commercial Bank, Ltd. (HNCB)
  • Mashreq Bank
  • Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • The Bank of Tokyo-Mitsubishi, Ltd. (BTM)

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Private Sector

  • Moscow Narodny Bank Limited (MNB)

Loan description

BOC and CCB contribution to $43 million syndicated loan for Moscow Narodny Bank

Interest typeUnknown

Narrative

Full Description

Project narrative

On or around May 21, 2004, Moscow Narodny Bank signed a $43 million, dual-tranche syndicated loan facility agreement with a group of Chinese and non-Chinese banks. The mandated arranger of the loan was the Oversea-Chinese Bank Corp. Bank of China served as an arranger. Co-arrangers include Bank of Tokyo-Mitsubishi, China Construction Bank and Sumitomo Mitsui Banking Corp. Hua Nan Commercial Bank and Mashreqbank assumes the roles of lead manager. Bank of China's estimated contribution captured via Record ID#104776. China Construction Bank's estimated contribution is captured via Record ID#104777.

Staff comments

1. The precise monetary value of CCB's contribution to the syndicate loan is unknown. For the time being, AidData assumes equal contributions ($6,142,857.14) across all known members of the syndicate. This issue warrants further investigation.