Overview

China Eximbank contributes to $147 million USD syndicated loan to Ocean Tankers Limited for unspecified purposes

Commitments (Constant USD, 2023)$83,532,540

Commitment Year•2011Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2011

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Cofinancing agencies

Private Sector

DNB Bank ASA (formerly DnB NOR ASA)

Receiving agencies

Private Sector

Ocean Tankers Limited

Loan description

China Eximbank contribution to USD 147 million syndicated loan facility to Ocean Tankers Limited for unspecified corporate purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2011, the Export-Import Bank of China and DNB ASA entered into a $147 million USD syndicated loan facility agreement with Ocean Tankers Limited, a Singapore-based tanker ship company for unspecified purposes. DNB ASA served as the Mandated Lead Arranger for the loan facility. The terms of the facility and its purposes are unknown.

Staff comments

1. China Eximbank and DNB ASA’s respective contributions to this syndicated loan are unknown. For the time being, AidData has estimated China Eximbank's contribution by assuming each member of the syndicate contributed equally ($73,500,000 USD).