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Overview

Bank of China contributes €8 million EUR to a €541 million EUR syndicated loan to an unspecified borrower in Italy

Commitments (Constant USD, 2023)$18,832,463
Commitment Year•2006Country of Activity•ItalyDirect Recipient Country of Incorporation•UnknownSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Apr 21, 2006
Last repayment (originally scheduled)
Oct 19, 2008

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

  • Bank of China (BOC)

Cofinancing agencies

Private Sector

  • Banca Agricola Mantovana S.p.A. (BAM)
  • Banca Carige S.p.A.
  • Banca Cassa di Risparmio di Firenze S.p.A. (Banca CR Firenze)
  • Banca del Monte di Foggia S.p.A.
  • Banca Galileo S.p.A.
  • Banca Intesa S.p.A. (IntesaBci S.p.A.)
  • Banca Mediolanum S.p.A.
  • Banca Nazionale del Lavoro S.p.A. (BNP Paribas - BNL)
  • Banca Popolare Commercio e Industria S.p.A. (BPCI)
  • Banca Popolare del Cassinate S.C. p.A.
  • Banca Popolare del Lazio S.C.p.A. (BP Lazio)
  • Banca Popolare dell’Etruria e del Lazio S.C.
  • Banca Popolare di Aprilia S.p.A.
  • Banca Popolare di Bari S.C.p.A. (BP Bari)
  • Banca Popolare di Bergamo S.p.A.
  • Banca Popolare di Intra S.p.A.
  • Banca Popolare Di Milano (Banco BPM) S.p.A
  • Banca Popolare di Puglia e Basilicata S.C.p.A.
  • Banca Popolare Italiana S.C.
  • Banca Popolare Pugliese S.C.p.A. (BPP)
  • Banca Popolare Sant'Angelo S.C.p.A.
  • Banca Regionale Europea S.p.A.
  • Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)
  • Banco di Brescia San Paolo CAB S.p.A.
  • BPER Banca S.p.A. (formerly Banca Popolare dell'Emilia Romagna S.C.)
  • Cassa Centrale Raiffeisen dell'Alto Adige (Raiffeisen Landesbank Südtirol)
  • Cassa di Risparmio della Provincia di Chieti S.p.A.
  • Cassa di Risparmio di Asti S.p.A.
  • Cassa di Risparmio di Cento S.p.A.
  • Cassa di Risparmio di Civitavecchia S.p.A.
  • Cassa di Risparmio di Fermo S.p.A. (Carifermo)
  • Cassa di Risparmio di Fossano S.p.A.
  • Cassa di Risparmio di Parma e Piacenza S.p.A.
  • Centrobanca - Banca di Credito Finanziario e Mobiliare S.p.A.
  • Commerzbank Aktiengesellschaft (Commerzbank AG)
  • Credito Siciliano S.p.A.
  • Fortis Bank
  • ING Group N.V.
  • MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
  • Nexi S.p.A. (formerly Istituto Centrale delle Banche Popolari Italiane S.p.A. (ICBPI))
  • Sanpaolo IMI S.p.A.

Receiving agencies

Private Sector

  • Unspecified Italian Borrower

Loan description

Bank of China contributes €8 million EUR to 2006 €541 million EUR syndicated loan to an unspecified borrower in Italy

Interest type•Variable Interest RateMaturity•2.5 years

Narrative

Full Description

Project narrative

On or around April 21, 2006, a syndicate of 42 banks — including the Bank of China (BOC) — entered into a €541 million EUR syndicated loan agreement with an unspecified borrower in Italy. The loan carried a maturity period of 18 months (2.5 years) and an interest rate based on a floating rate plus a margin of 45 basis points (bps). BOC contributed €8 million EUR to the loan syndicate. In addition to BOC, the following lenders contributed to the loan syndicate: ING (€81.5 million EUR); Banca Carige (€50 million EUR); Banca Nazionale del Lavoro S.p.A. (BNP Paribas - BNL) (€50 million EUR); Banca Popolare dell’Etruria e del Lazio (€25 million EUR); Sanpaolo IMI S.p.A. (€25 million EUR); Banca Popolare di Bergamo (€20 million EUR); Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) (€20 million EUR); Centrobanca - Banca di Credito Finanziario e Mobiliare S.p.A.(€20 million EUR); Istituto Centrale delle Banche Popolari Italiane (€20 million EUR); Cassa di Risparmio della Provincia di Chieti S.p.A. (€15 million EUR); Banca Intesa S.p.A. (€10 million EUR); Banca Mediolanum S.p.A. (€10 million EUR); Banca Regionale Europea S.p.A. (€10 million EUR); Banca Popolare Pugliese S.C.p.A. (BPP) (€10 million EUR); Banca Popolare Commercio e Industria S.p.A. (BPCI) (€10 million EUR); Banca Cassa di Risparmio di Firenze S.p.A. (Banca CR Firenze) (€10 million EUR); Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) (€10 million EUR); Cassa di Risparmio di Parma e Piacenza S.p.A. (€10 million EUR); Commerzbank AG (€10 million EUR); Credito Siciliano S.p.A. (€10 million EUR); Fortis Bank (€10 million EUR); Banca Agricola Mantovana S.p.A. (BAM) (€5 million EUR); Banca Popolare di Aprilia S.p.A. (€5 million EUR); Banca Popolare di Bari S.C.p.A. (BP Bari) (€5 million EUR); Banca Popolare di Intra S.p.A. (€5 million EUR); Banca Popolare del Lazio S.C.p.A. (BP Lazio) (€5 million EUR); Banca Popolare di Milano (€5 million EUR); Banca Popolare di Puglia e Basilicata S.C.p.A. (€5 million EUR); Banca Popolare Italiana S.C. (€5 million EUR); Banco di Brescia San Paolo CAB S.p.A. (€5 million EUR); Cassa Centrale Raiffeisen dell'Alto Adige (€5 million EUR); Cassa di Risparmio di Asti S.p.A. (€5 million EUR); Cassa di Risparmio di Cento S.p.A. (€5 million EUR); Banca Galileo S.p.A. (€4 million EUR); Banca del Monte di Foggia S.p.A. (€4 million EUR); Cassa di Risparmio di Fossano S.p.A. (€3 million EUR); Banca Popolare del Cassinate (€2.5 million EUR); Cassa di Risparmio di Civitavecchia (€2.5 million EUR); Cassa di Risparmio di Fermo (€2 million EUR); Banca Popolare San Angelo (€1.5 million EUR); and Banca Popolare dell'Emilia Romagna (€1 million EUR).

Staff comments

1. The source, while mentioning the loan details, appears to have entirely excluded the information by the borrower on accident. Thus, AidData has been unable to determine what the loan was for. Given the borrowers featured were generally Italian corporates, AidData has assumed the loan supported the 250 - Business and Other Services sector.