China Eximbank participate in $500 million syndicated loan to VEB Bank for unspecified purposes (Linked to Record ID#98766)

Project narrative

On July 27, 2005, China Eximbank and ICBC participated in a $500 million syndicated loan facility to Vnesheconombank (VEB Bank) — a Russian state-owned development bank — for unspecified purposes. The syndicate was led by ABN AMRO Bank, Deutsche Bank AG London and Dresdner Kleinwort Wasserstein. The loan was issued at an interest rate of LIBOR plus a margin of 90 basis points with a maturity of three years. The average 6-month LIBOR rate in July 2005 was 3.833%, so the all-in interest rate is calculated as 3.833% + 0.9% = 4.73%. AidData estimates that China Eximbank contributed $14,285,714.29 (captured via Record ID#66394) and ICBC also contributed $14,285,714.29 (captured via Record ID#98766) to this syndicated loan. Other banks that participated in the syndicated loan include: BayernLB CALYON Citigroup Erste Bank HSBC Bank plc HSH Nordbank AG HVB Group (Bank Austria Creditanstalt/ Bayerische Hypo- und Vereinsbank AG ) ICICI Bank UK Limited ING Bank N.V. JPMorgan Chase Bank, N.A. Mizuho Corporate Bank, Ltd. The Bank of Tokyo-Mitsubishi, Ltd. LBBW Group (LRP Landesbank Rheinland-Pflaz / Landesbank Baden-Württemberg, London Branch) DZ BANK AG Deutsche ZentralGenossenschaftsbank State Bank of India, Offshore Banking Unit, Bahrain Chinatrust Commercial Bank, Offshore Banking Branch MashreqBank psc Magyar Kulkereskedelmi Bank Rt. Bank of Kaohsiung, Offshore Banking Branch Bank Overseas Chinese, Taipei Chang Hwa Commercial Bank Limited, London Branch Chiao Tung Bank, Offshore Banking Branch Emporiki Bank of Greece S.A. Fortis Bank Kommunalkredit International Bank Limited National Bank of Egypt International Persia International Bank Plc SanPaolo IMI Bank Ireland Plc Taiwan Cooperative Bank, Offshore Banking Branch Offshore Banking Branch Zürcher Kantonalbank Banca Monte dei Paschi di Siena Bank Hapoalim B.M. Raiffeisenverband Salzburg