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Overview

China Bank of Communications contributes to syndicated loan to Eastman Kodak Company

Commitment Year•2001Country of Activity•United StatesDirect Recipient Country of Incorporation•United StatesSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 1, 2001

Geospatial footprint

Map overview

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The purpose of this project was for China Bank of Communications to contribute to syndicated loan to Eastman Kodak Company. More detailed locational information can be found at: https://www.openstreetmap.org/way/108352105

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 Bank of Communications (BoCom or BoComm)

Cofinancing agencies

Private Sector

  • Citibank, N.A.
  • JPMorgan Chase Bank, N.A. (Chase Bank, formerly the Chase Manhattan Bank)

Receiving agencies

Private Sector

  • Eastman Kodak Company (Kodak)

Loan description

China Bank of Communications contributes to syndicated loan to Eastman Kodak Company

Interest type•Unknown

Narrative

Full Description

Project narrative

In June 2001, China Bank of Communications JP Morgan and Citibank provided a syndicated loan to Eastman Kodak Company, an American public company that produces various products related to its historic basis in film photography based in Rochester, New York.

Staff comments

1. The Eastman Kodak Company, referred to simply as Kodak, is an American public company that produces various products related to its historic basis in film photography. The company is headquartered in Rochester, New York, and is incorporated in New Jersey. It is best known for photographic film products, which it brought to a mass market for the first time.