ICBC contributes to $162.8 million syndicated loan to Bayer SA for unspecified purposes

In 2014, a group of 11 banks — including BBVA Banco Francés S.A., Banco Santander Río S.A., HSBC Bank Argentina S.A., La Sucursal de Citibank N.A. Establecida en la República Argentina, Banco Macro S.A., Banco de Galicia y Buenos Aires S.A., Banco Hipotecario S.A., BACS Banco de Crédito y Securitización S.A., Industrial and Commercial Bank of China (Argentina) S.A., Banco Patagonia S.A., and Banco de la Pampa Sociedad de Economía Mixta — signed a $162.8 million (AR $1400 million) syndicated loan agreement with Bayer S.A. for unspecified purposes. BBVA Banco Francés, Banco Santander Río, HSBC Bank Argentina, and La Sucursal de Citibank served as co-arrangers for the loan syndicate. BBVA Banco Francés served as the syndicate's administrative agent as well.

Additional details

1. The size of ICBC’s contribution to the $162.8 million syndicated loan is unknown. For the time being, AidData assumes that all 11 members of the syndicate made equal contributions ($14.8 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. Bayer S.A. is a chemical-pharmaceutical company in Argentina that is active in areas such as health and diagnostics, crop protection, and animal health.

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