ICBC contributes to $38.39 million syndicated loan for 50MW Thinh Long Phú Yên Solar Farm Project (Linked to Project ID#88903)

In July 2020, Thinh Long Phú Yên Solar Power Joint Stock Company — a special purpose vehicle and a wholly-owned subsidiary of Super Energy Corporation Public Company Limited — signed a $38.39 syndicated loan agreement with three banks for the 50MW Thinh Long Phú Yên Solar Farm Project. The participants in the lending syndicate included the Export-Import Bank of Thailand, Industrial and Commercial Bank of China (Thai) Public Company Limited, and Industrial and Commercial Bank of China Limited, Hanoi City Branch. The borrowing terms are unknown. The project's purpose is to construct a 50 MW photovoltaic solar farm in Vietnam’s Phú Yên Province. Further implementation details are unknown. This project is an extension of another ICBC-financed project captured via Project ID#88903.

Additional details

1. The precise monetary value of the contributions from Industrial and Commercial Bank of China (Thai) Public Company Limited and the Hanoi City Branch of Industrial and Commercial Bank of China Limited to the lending syndicate are unknown. For the time being, AidData assumes equal contributions ($12,796,666) across the 3 members of the lending syndicate. 2. Baker McKenzie's Bangkok office was a legal adviser to the transaction.

Number of official sources

1

Number of total sources

11