Project ID: 96643

China Construction Bank participates in USD 1 billion syndicated loan to Vedanta Resources for Sesa Goa purchase

Commitment amount

$ 15245859.21949051

Adjusted commitment amount

$ 15245859.22

Constant 2021 USD

Summary

Funding agency [Type]

China Construction Bank Corporation (CCB) [State-owned Commercial Bank]

Recipient

India

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Description

In August 2008, China Construction Bank participated in a USD 1 billion syndicated loan to Vedanta Resources to restructure their April 2007 USD 1.1 billion loan to acquire a 51% controlling stake in the Indian iron ore mining company Sesa Goa. China Construction Bank's contribution was USD 10 million. 24 banks participated in the syndicate as follows: ABN Amro Bank, now part of RBS US,: USD 66.8 million, Bank of Baroda: USD 66.8 million, Bank of East Asia: USD 5.0 million, Bank of Tokyo-Mitsubishi UFJ: USD 66.8 million, Barclays: USD 66.8 million, Bayerische Landesbank: USD 25.0 million, Calyon, part of Crédit Agricole,: USD 66.8 million, Chang Hwa Commercial Bank: USD 15.0 million, China Construction Bank: USD 10.0 million, Chinatrust Financial Holding: USD 15.0 million, Citigroup: USD 66.8 million, DBS Bank: USD 25.0 million, First Commercial Bank: USD 5.0 million. First Gulf Bank: USD 10.0 million, Indian Bank: USD 20.0 million, Intesa SanPaolo: USD 25.0 million, Mizuho Financial Group: USD 66.8 million, Natixis: USD 50.0 million, Scotiabank-Bank of Nova Scotia: USD 50.0 million, Standard Chartered Bank: USD 66.8 million, State Bank of India: USD 66.8 million, Sumitomo Mitsui Banking Corp: USD 66.8 million, Taishin International Bank: USD 10.0 million, Westdeutsche Landes Giro: USD 66.8 million.

Number of official sources

Number of total sources

Download the dataset

Details

Cofinanced

Yes

Cofinancing agencies [Type]

ABN AMRO Bank [Private Sector]

Bank of Baroda [Private Sector]

Bank of East Asia Limited (BEA) [Private Sector]

MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU)) [Private Sector]

Barclays Bank Plc [Private Sector]

Bayerische Landesbank [Private Sector]

Chang Hwa Commercial Bank Limited [Private Sector]

Chinatrust Commercial Bank [Private Sector]

Citigroup [Private Sector]

DBS Bank [Private Sector]

First Commercial Bank Limited [Private Sector]

First Gulf Bank (FGB) [State-owned Bank]

Indian Bank [State-owned Company]

Intesa Sanpaolo S.P.A. [Private Sector]

Mizuho Financial Group (MHFG) [Private Sector]

Natixis [Private Sector]

Bank of Nova Scotia (Scotiabank) [Private Sector]

Standard Chartered Bank PLC [Private Sector]

State Bank of India (SBI) [State-owned Bank]

Sumitomo Mitsui Banking Corporation Group (SMBC Group) [Private Sector]

Taishin International Bank (Taishin Bank) [Private Sector]

Westdeutsche Landesbank Girozentrale [Private Sector]

Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI)) [Private Sector]