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Overview

China Construction Bank contributes to $200 million USD syndicated loan to NongHyup Bank for unspecified purposes

Commitments (Constant USD, 2023)$33,543,210
Commitment Year•2018Country of Activity•KoreaDirect Recipient Country of Incorporation•KoreaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 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

  • China Construction Bank Corporation (CCB)

Cofinancing agencies

Private Sector

  • Afrasia Bank Limited
  • Hua Nan Commercial Bank, Ltd. (HNCB)
  • Mizuho Bank, Ltd.
  • The Shanghai Commercial & Savings Bank, Ltd. (SCSB)

State-owned Banks

  • Export-Import Bank of the Republic of China, Taipei

Receiving agencies

Private Sector

  • Nonghyup Bank

Loan description

China Construction Bank contributes to USD $200 million syndicated loan to NongHyup Bank for unspecified purposes in South Korea in 2018

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2018, a syndicate of six lenders — including China Construction Bank (CCB) — entered into a $200 million USD syndicated loan agreement with NongHyup Bank — a South Korean agricultural bank — for unspecified purposes. CCB acted as an arranger on the deal. In addition to CCB, the following lenders also played the following roles: AfrAsia Bank (arranger); Export-Import Bank of the Republic of China (arranger); Hua Nan Commercial Bank (arranger); Mizuho Bank (bookrunner); and Shanghai Commercial & Savings Bank (arranger).

Staff comments

1. The individual contributions of the six lenders to this $200 million USD syndicated facility are unknown. Therefore, for the time being, to estimate CCB's contribution, AidData has assumed each lender contributed equally ($33,333,333.334 USD) to the loan.