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Overview

Bank of China contributes to Tranche 1 of a $350 million asset-backed credit facility to Impala Terminals in September 2015 (Linked to Record ID#96626, #96627, and #96628)

Commitments (Constant USD, 2023)$13,077,480
Commitment Year•2015Country of Activity•ColombiaDirect Recipient Country of Incorporation•NetherlandsSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Sep 1, 2015
Last repayment (originally scheduled)
Aug 30, 2020

Stakeholders

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

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Cofinancing agencies

Private Sector

  • ABN AMRO Bank NV
  • Apple Bank for Savings Inc.
  • Banco de Crédito del Perú S.A.
  • Banco Latinoamericano de Comercio Exterior (Bladex)
  • Banco Sabadell
  • Credit Agricole S.A. (Crédit Agricole Group)
  • International Finance Bank (IFB)
  • SMBC Bank International PLC (formerly Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE))
  • Sumitomo Mitsui Trust Bank, Limited (SMTB)

State-owned Banks

  • Korea Development Bank (KDB)

State-owned Commercial Banks

  • Industrial and Commercial Bank of China (ICBC)

Receiving agencies

Private Sector

  • Impala Terminals Group B.V.

Loan description

Bank of China and ICBC contribute to USD 350 million asset-backed credit facility to Impala Terminals in September 2015

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

In September 2015, Bank of China and ICBC contributed to a $350 million asset-backed credit facility to Impala Terminals to refinance the purchase of vessels that will be part of a major multi-modal logistics operation along the Magdalena river, Colombia. The facility had two tranches: a five-year $150 million USD tranche and a seven-year $200 million USD tranche. 12 banks participated: SMBC, Credit Agricole, ICBC, Bank of China, Korea Development Bank, SMTB, ABN Amro, Sabadell, Apple Bank, International Finance Bank, Bladex, and Banco de Crédito del Perú. ICBC served as senior mandated lead arranger and SMBC and Credit Agricole served as joint bookrunners and arrangers. The multimodal transport system, which will also utilize road and rail links, is due to be fully operational early 2016. Bank of China's contribution to Tranche 1 is captured via #96625; Bank of China's contribution to Tranche 2 is captured via #96626; ICBC's contribution to Tranche 1 is captured via #96627; ICBC's contribution to Tranche 2 is captured via #96628.

Staff comments

The precise size of the contribution of BoC to the loan syndicate is unknown. For the time being, AidData assumes equal contributions to the $150 million loan ($12,500,000) across the 12 known participants in the loan syndicate.