Bank of China contributes to $200 million syndicated loan to Azerbaijan’s state-owned oil company (SOCAR) for unspecified purposes
Commitment amount
$ 37451779.22053389
Adjusted commitment amount
$ 37451779.22
Constant 2021 USD
Summary
Funding agency [Type]
Bank of China (BOC) [State-owned Commercial Bank]
Recipient
Azerbaijan
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
In September 2019, a group of banks issued a $200 million loan to State Oil Company of Azerbaijan Republic (SOCAR) for unspecified purposes. The syndicate consisted of Bank of China, Commercial Bank of Dubai, DBS, SG Corporate & Investment Banking, UniCredit, and Union de Banques Arabes et Francaises (UBAF). The borrowing terms of the loan are unknown.
Additional details
1. The size of Bank of China’s contribution to the syndicate is unknown. For the time being, AidData assumes that all 6 members of the syndicate made equal contributions ($33.333 million).
Number of official sources
1
Number of total sources
3
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Commercial Bank of Dubai (CBD) [Private Sector]
SG Corporate & Investment Banking [Private Sector]
UniCredit Bank AG [Private Sector]
DBS Bank [Private Sector]
Union de Banques Arabes et Francaises (UBAF) [Private Sector]
Direct receiving agencies [Type]
State Oil Company of the Azerbaijan Republic (SOCAR) [State-owned Company]