ICBC contributes to Tranche 2 of a $350 million asset-backed credit facility to Impala Terminals in September 2015 (Linked to #96626, #96627, and #96625)
Commitment amount
$ 18704593.20040773
Adjusted commitment amount
$ 18704593.2
Constant 2021 USD
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Colombia
Sector
Business and other services (Code: 250)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
In September 2015, Bank of China and ICBC contributes to a September 2015 $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, Korean Development Bank, SMTB, ABN Amro, Sabadell, Apple Bank, International Finance Bank, Bladex, and Banco de Credito der Peru. ICBC served as senior mandated lead arrangers 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.
Additional details
The precise size of the contribution of ICBC to the loan syndicate is unknown. For the time being, AidData assumes equal contributions to the $200 million loan ($16,666,667) across the 12 known participants in the loan syndicate.
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Credit Agricole Group [Private Sector]
Korea Development Bank (KDB) [State-owned Bank]
Sumitomo Mitsui Trust Bank, Limited (SMTB) [Private Sector]
ABN AMRO Bank [Private Sector]
Banco Sabadell [Private Sector]
Foreign Trade Bank of Latin America (Bladex) [Intergovernmental Organization]
Peru Banco de Credito [Private Sector]
International Finance Bank (IFB) [Private Sector]
Apple Bank [Private Sector]
Bank of China (BOC) [State-owned Commercial Bank]
SMBC Bank International PLC (formerly Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE)) [Private Sector]
Direct receiving agencies [Type]
Impala Terminals Group [Private Sector]
Loan Details
Maturity
7 years