Overview

ICBC Peru participates in a syndicated of USD 25 million to Banco Agropecuario S.A of Peru

Commitments (Constant USD, 2023)$13,077,480

Commitment Year•2015Country of Activity•PeruDirect Recipient Country of Incorporation•PeruOverseas Jurisdiction•PeruSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 8, 2015

Start (actual): Sep 8, 2015

End (actual): Sep 8, 2015

Last repayment (originally scheduled): Sep 7, 2018

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 Perú Bank S.A

Cofinancing agencies

Private Sector

Banco Latinoamericano de Comercio Exterior (Bladex)

Receiving agencies

State-owned Banks

Banco Agropecuario S.A. (Agrobanco)

Loan description

ICBC Peru participates in a syndicated of USD 25 million to Banco Agropecuario S.A of Peru in 2015

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

On September 8, 2015, Banco Latinoamericano de Comercio Exterior, S.A (Bladex) and ICBC Peru announced the closing of a USD 25 million, 3-year, syndicated loan to Banco Agropecuario S.A. (Agrobanco). The loan will be used to support general corporate purposes and the bank's U.S. dollar funding requirements for 2015. The loan is administered by Bladex and is unsecured.

Staff comments

1. The exact contribution by ICBC Peru to the syndicate is unknown. For the time being, AidData assumes the two members of the syndicate made equal contributions ($12,500,000).