Overview

China Construciton Bank contributes to a $147 million USD syndicated loan to South Africa's Investec Bank

Commitments (Constant USD, 2023)$28,113,567

Commitment Year•2004Country of Activity•South AfricaDirect Recipient Country of Incorporation•South AfricaOverseas Jurisdiction•South AfricaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2004

Stakeholders

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

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

China Construction Bank Corporation (CCB)

Cofinancing agencies

Private Sector

Bank of New York
Barclays Bank PLC
Citigroup Inc.
Commerzbank Aktiengesellschaft (Commerzbank AG)
Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
Dresdner Kleinwort
Erste Bank
Mitsubishi UFJ Financial Group

State-owned Banks

Bayerische Landesbank (BayernLB)
Hamburg Commercial Bank (HSOB) (Formerly HSH Nordbank AG)

Receiving agencies

Private Sector

Investec Bank Limited

Loan description

2004 China Construction Bank contributes to a USD 147 million syndicated loan to South Africa's Investec Bank

Interest type•Unknown

Narrative

Full Description

Project narrative

Between 2002 and 2004, China Construction Bank contributes to a $147 million USD syndicated loan to South Africa's Investec Bank. The syndicate member of this loan includes the Bank of New York, Mitsubishi Tokyo Financial Group Inc, Barclays, BayernLB, Calyon, China Construction Bank (Johannesburg), Citigroup Inc, Commerzbank AG, Dresdner Kleinwort Wasserstein, Erste Bank der oesterreichischen Sparkassen AG, and HSH Nordbank AG, ING.

Staff comments

The precise size of the contribution of ICBC to the loan syndicate is unknown. For the time being, AidData assumes equal contributions to the $147 million loan ($13,363,636) across the 11 known participants in the loan syndicate.