Overview

ICBC contributes to USD $250 million revolving credit facility to AES Gener in 2018

Commitments (Constant USD, 2023)$120,755,555

Commitment Year•2018Country of Activity•ChileDirect Recipient Country of Incorporation•ChileSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 26, 2018

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Private Sector

HSBC Bank PLC
Sumitomo Mitsui Banking Corporation (SMBC)

Receiving agencies

Private Sector

AES Andes S.A. (formerly AES Gener S.A.)

Loan description

ICBC contribution to USD $250 million revolving credit facility to Chilean company AES Gener in 2018

Interest type•Unknown

Narrative

Full Description

Project narrative

On March 26, 2018, ICBC, HSBC, and Sumitomo Mitsui Banking Corporation closed on a USD $250 million revolving credit facility with AES Gener, a subsidiary of AES corporation and a producer and distributor of electricity in Chile. ICBC contributed USD $120 million to the syndicate. HSBC and Sumitomo Mitsui Banking Corporation contributed $65 million, respectively. The purpose of the loan and loan terms are unknown.