CCB participates in $2 billion syndicated loan facility to VTB Bank for general corporate purposes (Linked to Project ID#66824)

On March 12, 2013, VTB Bank — a Russian state-owned bank — signed a $2 billion syndicated loan agreement with a group of banks for general corporate purposes. The loan carried a 3-year maturity and an interest rate of LIBOR plus a 1.5% margin. Participants in the loan syndicate included Bank of China, China Construction Bank, Bank of New York Mellon, Bank of America Securities, Bank of Tokyo-Mitsubishi, Barclays, BNP Paribas, Citi, HSBC, JP Morgan, Mizuho, Société Générale, Sumitomo Mitsui Banking Corporation and Wells Fargo. Bank of New York Mellon acted as lead arranger. BoC's contribution to the syndicated loan is captured via project ID#66824, and CCB's contribution is captured via project ID#92370.

Additional details

1. The size of Bank of China and the China Construction Bank Corporation’s contributions to the syndicated loan are unknown. For the time being, AidData assumes that all 14 members of the syndicate made equal contributions ($142,857,142). 2. AidData has estimated the all-in interest rate by adding 1.5% to average 6-month LIBOR in March 2013 (0.448%).

Number of official sources

0

Number of total sources

2