Agricultural Bank of China contributes to $275 million syndicated loan to Alfa Bank for on-lending purposes
Commitment amount
$ 15705635.85428836
Adjusted commitment amount
$ 15705635.85
Constant 2021 USD
Summary
Funding agency [Type]
Agricultural Bank of China (ABC) [State-owned Commercial Bank]
Recipient
Russia
Sector
Banking and financial services (Code: 240)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
On November 3, 2005, Alfa Bank signed a $275 million syndicated loan agreement with a group of 38 banks for on-lending purposes. The loan carried a 1-year (364-day) maturity and an interest rate of LIBOR plus a 1% margin. Participants in the loan syndicate included Agricultural Bank of China, ALPHA Bank A. E., the Bank of Tokyo-Mitsubishi, Ltd., Commerzbank Aktiengesellschaft, Dresdner Bank AG, DZ BANK AG (Deutsche Zentral-Genossenschaftsbank), Finansbank Holland, GarantiBank International N. V., HSBC Bank plc, ICICI Bank Limited, National Bank of Egypt (UK) Limited, National Bank of Greece S.A., Standard Bank Plc, State Bank of India, Sumitomo Mitsui Banking Corporation Europe Limited, and WestLB AG, among others.
Additional details
1. AidData has estimated the all-in interest rate by adding 1% to average 6-month LIBOR in November 2005 (4.555%). 2. The size of Agricultural Bank of China’s contribution to the $275 million syndicated loan is unknown. For the time being, AidData assumes that all 38 members of the syndicate made equal contributions ($7,236,842).
Number of official sources
1
Number of total sources
3
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Alpha Bank S.A. [Private Sector]
The Bank of Tokyo-Mitsubishi, Ltd. (BTM) [Private Sector]
Dresdner Bank AG [Private Sector]
DZ Bank AG [Private Sector]
QNB Finansbank [Private Sector]
Türkiye Garanti Bank BBVA [Private Sector]
HSBC Bank PLC [Private Sector]
ICICI Bank Limited [Private Sector]
National Bank of Egypt [State-owned Bank]
National Bank of Greece S.A. (NBG) [Private Sector]
Standard Bank of South Africa Limited (Standard Bank) [Private Sector]
Sumitomo Mitsui Banking Corporation Europe Limited [Private Sector]
WestLB AG [State-owned Bank]
Commerzbank Aktiengesellschaft (Commerzbank AG) [Private Sector]
Direct receiving agencies [Type]
Alfa-Bank JSC [Private Sector]
Implementing agencies [Type]
Alfa-Bank JSC [Private Sector]
Loan Details
Maturity
1 years
Interest rate
5.555%
Grant element (OECD Grant-Equiv)
1.9744%