ICBC contributes $18.75 million USD to a $150 million syndicated loan to SOCAR Trading S.A. for general corporate purposes in November 2015
Commitment amount
$ 21042666.929605357
Adjusted commitment amount
$ 21042666.93
Constant 2021 USD
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Azerbaijan
Sector
Business and other services (Code: 250)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On November 18, 2015, SOCAR Trading S.A. — the international marketing and development arm of the State Oil Company of Azerbaijan Republic (SOCAR) — secured a $150 million syndicated loan with 8 banks for general corporate purposes. Participants in the syndicated included Bank of Tokyo-Mitsubishi UFJ, Commercial Bank of Dubai, Industrial and Commercial Bank of China (ICBC), and ING as mandated lead arrangers; Rabobank and Société Générale as bookrunning mandated lead arrangers; and GarantiBank and Raiffeisen Bank International as lead arrangers.
Additional details
1. The precise monetary value of ICBC’s contribution is unknown. For the time being, AidData assumes equal contributions ($18.75 million)> across the eight members of the syndicate.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Coöperatieve Rabobank U.A. (Rabobank) [Private Sector]
ING Bank N.V. [Private Sector]
The Bank of Tokyo-Mitsubishi, Ltd. (BTM) [Private Sector]
Commercial Bank of Dubai (CBD) [Private Sector]
Société Générale [Private Sector]
Türkiye Garanti Bank BBVA [Private Sector]
Raiffeisen Bank International AG [Private Sector]
Direct receiving agencies [Type]
SOCAR Trading S.A [State-owned Company]