Project ID: 95836

Bank of China contributes to $210 million syndicated loan to help Azerbaijan’s state-owned oil company (SOCAR)

Commitment amount

$ 23453577.050135378

Adjusted commitment amount

$ 23453577.05

Constant 2021 USD

Summary

Funding agency [Type]

Bank of China (BOC) [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

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2020-08-01

Description

In August 2020, SOCAR Trading S.A. — the international marketing and development arm of the State Oil Company of Azerbaijan Republic (SOCAR) — secured a $210 million syndicated loan with 10 banks. Bank of China reportedly contributed $21 million. The proceeds of the loan were to be used by the borrower to amend, extend and increase an existing syndicated credit facility.

Number of official sources

0

Number of total sources

1

Download the dataset

Details

Cofinanced

Yes

Direct receiving agencies [Type]

SOCAR Trading S.A [State-owned Company]

Implementing agencies [Type]

SOCAR Trading S.A [State-owned Company]

Loan Details

Syndicated loan

Refinancing