BOC contributes to $100 million syndicated loan to Lukoil (Linked to Project ID#92504)

In 2013, PJSC Lukoil Oil Company signed a $100 million syndicated secured loan agreement with Bank of China Limited, Industrial and Commercial Bank of China (London) and Sumitomo Mitsui Banking Corporation. The loan’s final maturity date was in 2018 and it carried an interest rate of three month LIBOR plus 3.00% per annum. It had an outstanding amount of $100 million as of December 31, 2013. BOC's contribution to the syndicated loan is captured via Project ID#92502. ICBC (London)'s contribution to the syndicated loan is captured via Project ID#92504.

Additional details

1. The PJSC Lukoil Oil Company is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, and petroleum products. 2. The all-in interest rate was calculated by adding the average 3-month LIBOR rate in 2013 (0.27%) to 3%. 3. AidData has categorized the loan as collateralized because it is described as a ‘secured’ loan. 4. The size of Bank of China’s contribution and ICBC’s contribution to the loan syndicate is unknown. For the time being, AidData assumes equal contributions ($33,333,333.33) to the loan syndicate across the 3 participating banks.

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