Bank of China contributes to $452 million syndicated loan to VTB Bank for unspecified purposes in April 2005 (Linked to Record ID#105202)

Project narrative

In April 2005, a syndicate of 34 banks — including the Agricultural Bank of China and the Bank of China — signed a $452 million syndicated (unsecured) loan with VTB Bank — a Russian majority state-owned bank — for unspecified purposes. The loan carried a 3-year maturity (final maturity date: April 2008) and an interest rate of LIBOR plus a 1.2% margin. The loan was repaid ahead of schedule in May 2006. Record ID#105202 captures ABC's contribution. Record ID#105203 captures BOC's contribution. ABN AMRO Bank NV, Citibank NA London, and ING Bank NV served as mandated lead arrangers. BayernLB, Deutsche Bank, Mizuho and SMBC served as senior lead arrangers. Alpha Bank, HSBC and OTP Bank served as lead arrangers. Bank of China and Erste Bank served as arrangers. Agricultural Bank of China, Akbank, American Express Bank, Banca Monte dei Paschi di Siena, Banca Nazionale del Lavoro, Banca Popolare di Novara, Bank Hapoalim, Bank of Taiwan, Bawag Bank, Cathay United Bank, Chiao Tung Bank, Chinatrust Commercial Bank, Demir-Halk Bank, Dnb NOR Bank, Emporiki Bank, National Bank of Egypt, National City Bank, Sabanci Bank, State Bank of India and Zurcher Kantonalbank served as lead managers. BRE Bank and Shanghai Commercial & Savings Bank served as managers.