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Overview

China Construction Bank contributes to a $300 million USD syndicated loan to Shinhan Bank for unspecified purposes

Commitments (Constant USD, 2023)$78,464,879
Commitment Year•2015Country 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
Jul 1, 2015

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

  • Commerzbank Aktiengesellschaft (Commerzbank AG)
  • Mizuho Bank, Ltd.
  • Standard Chartered Bank PLC

Receiving agencies

Private Sector

  • Shinhan Bank Co., Ltd.

Loan description

China Construction Bank contributes to a USD $300 million syndicated loan to Shinhan Bank for unspecified purposes in South Korea in 2015

Interest type•UnknownMaturity•2.5 years

Narrative

Full Description

Project narrative

In July 2015, a syndicated of four known lenders — Mizuho Bank, China Construction Bank (CCB), Commerzbank, and Standard Chartered Bank — entered into a $300 million USD senior loan agreement with Shinhan Bank for unspecified purposes. The facility carried a maturity period of 2.5 years. CCB joined as a mandated lead arranger. In addition to CCB, Mizuho led the facility, and Commerzbank and Standard Chartered also joined as mandated lead arrangers.

Staff comments

1. The exact contributions to the syndicate are unknown. For now, AidData has assumed CCB's contribution by assuming that each of the four known lenders contributed equally to the syndicate ($300,000,000 / 4 = $75,000,000). 2. AidData accessed the source and archived the information used for this record prior to the link breaking. This issue merits further investigation.