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Overview

China Construction Bank contributes to a $220.5 million USD syndicated loan to South Africa's Investec Bank

Commitments (Constant USD, 2023)$38,656,154
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
  • BHF Bank
  • 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
  • The Bank of Tokyo-Mitsubishi, Ltd. (BTM)

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 220.5 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 $220.5 million USD syndicated loan to South Africa's Investec Bank. The syndicate members include the Bank of New York, Bank of Tokyo-Mitsubishi Ltd, Barclays, BayernLB, Calyon, China Construction Bank (Johannesburg), Citigroup Inc, Commerzbank AG, Dresdner Kleinwort Wasserstein, Erste Bank der oesterreichischen Sparkassen AG, HSH Nordbank AG, and ING BHF-BANK.

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 $$220.5 million loan ($18,375,000) across the 12 known participants in the loan syndicate.