CCB participates in $520 million syndicated loan to SBSA for general corporate purposes (Linked to Project ID#88470, #92687, #92689, #92690)
Commitment amount
$ 96785094.626892
Adjusted commitment amount
$ 96785094.63
Constant 2021 USD
Summary
Funding agency [Type]
China Construction Bank Corporation (CCB) [State-owned Commercial Bank]
Recipient
South Africa
Sector
Banking and financial services (Code: 240)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
On October 20, 2020, Standard Bank of South Africa Limited (“SBSA”) signed a $520 million syndicated term loan agreement with 6 banks. The loan carries a 3-year maturity and an unknown interest rate. The participants in the loan syndicate included China Development Bank (CDB) (captured via Project ID#92690), Industrial and Commercial Bank of China (ICBC) (captured via Project ID#92687), China Construction Bank (CCB) (captured via Project ID#92688), China Eximbank (captured via Project ID#92689), Shanghai Pudong Development Bank Co., Ltd. (SPDB) (captured via Project ID#88470), and Afrasia Bank Limited.
Additional details
1. The individual contributions of CDB, ICBC, China Construction Bank, China Eximbank, and Shanghai Pudong Development Bank Co., Ltd. are unknown. For the time being, AidData assumes equal contributions ($86.66 million) across the 6 banks that contributed to the $520 million syndicated loan.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Shanghai Pudong Development Bank Co., Ltd. (SPDB) [State-owned Commercial Bank]
China Development Bank (CDB) [State-owned Policy Bank]
Afrasia Bank Limited [Private Sector]
Direct receiving agencies [Type]
Standard Bank of South Africa Limited (Standard Bank) [Private Sector]
Loan Details
Maturity
3 years