ICBC contributes to $400 million syndicated loan to Credit Bank of Moscow in 2018 for unspecified purposes (Linked to Project ID#92452)

In March 2018, Credit Bank of Moscow — the third largest privately-owned commercial bank in Russia — signed a $400 million syndicated, dual-currency loan agreement with 14 banks from 10 countries (including Harbin Bank and the the Industrial and Commercial Bank of China). The loan carried a 1-year maturity but it was extendible for 1 additional year. Its interest rate is unknown. Commerzbank Aktiengesellschaft, Filiale Luxemburg, ING Bank N.V. and PJSC ROSBANK acted as Mandated Lead Arrangers and Bookrunners. They were joined by ICBC (joint stock company) as Senior Lead Arranger, AO CITIBANK; HARBIN BANK CO., LTD.; The National Bank of Ras Al Khaimah—Public Joint Stock Company; INTESA SANPAOLO BANK LUXEMBOURG S.A. and AKA Ausfuhrkredit-Gesellschaft mbH as Lead Arrangers, and UniCredit, Credit Suisse (Switzerland) Ltd., Landesbank Baden-Württemberg and Expobank LLC as Arrangers. ING BANK N.V. acted as the Coordinator and Documentation Agent, and ING BANK N.V., London Branch acted as Facility Agent. ICBC's contribution to the syndicated loan is captured in Project ID#89461. Harbin Bank's contribution to the syndicated loan is captured in Project ID#92452.

Additional details

1. The exact size of ICBC and Harbin Bank's respective financial contributions to the $400 million syndicated loan are unknown. For the time being, AidData assumes that all 14 members of the lending syndicate contributed equal amounts ($28,571,428.60).

Number of official sources

2

Number of total sources

4