ICBC contributes to AR$ 400 million syndicated loan to Ledesma Sociedad Anónima Agrícola e Industrial for working capital, investment, debt refinancing and general corporate purposes
Commitment amount
$ 13632990.874113545
Adjusted commitment amount
$ 13632990.87
Constant 2021 USD
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Argentina
Sector
Other multisector (Code: 430)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
In 2014, a group of 4 banks — including BVA Banco Francés S.A., Banco de Galicia y Buenos Aires S.A., Industrial and Commercial Bank of China (Argentina) S.A. and Banco Santander Río S.A. — signed a AR$ 400 million syndicated loan agreement with Ledesma Sociedad Anónima Agrícola e Industrial. The borrower was expected to use the loan proceeds for working capital, investment, debt refinancing and other general corporate purposes.
Additional details
1. The size of ICBC’s contribution to the AR$ 400 million syndicated loan is unknown. For the time being, AidData assumes that all 4 known members of the syndicate made equal contributions (AR$ 100 million). 2. The China-Latin America Commercial Loans Tracker, which is produced by the Inter-American Dialogue, does not capture this ICBC loan commitment. 3. Ledesma Sociedad Anónima Agrícola e Industrial is an Argentina-based company engaged in the agro-industrial sector.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
Yes
Cofinancing agencies [Type]
BBVA Argentina (formerly BBVA Banco Francés) [Private Sector]
Banco de Galicia y Buenos Aires S.A. [Private Sector]
Banco Santander Río [Private Sector]
Direct receiving agencies [Type]
Ledesma S.A.A.I. [Private Sector]