Overview

China Construction Bank participates in USD 100 million syndicated loan to Indian Railway Finance Corporation

Commitments (Constant USD, 2023)$10,518,681

Commitment Year•2004Country of Activity•IndiaDirect Recipient Country of Incorporation•IndiaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 19, 2004

Last repayment (originally scheduled): Nov 18, 2009

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

BNP Paribas S.A.
Cathay United Bank
Chiao Tung Bank Company Ltd.
Citigroup Inc.
Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
DBS Bank Ltd.
E.SUN Commercial Bank, Ltd.
Hua Nan Commercial Bank, Ltd. (HNCB)
International Bank of Taipei (IBT)
Mega International Commercial Bank Co., Ltd. (formerly International Commercial Bank of China)
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
Standard Chartered Bank PLC
Sumitomo Mitsui Trust Bank, Limited (SMTB)
The Shanghai Commercial & Savings Bank, Ltd. (SCSB)

State-owned Banks

Bank of Baroda
Canara Bank (Formerly Syndicate Bank)
Central Trust of China
Emirates NBD Bank P.J.S.C.
Export-Import Bank of the Republic of China, Taipei
KfW Development Bank (KfW Entwicklungsbank GmbH)
Land Bank of Taiwan Co., Ltd. (LBOT)
SBI International
State Bank of India (SBI)
Taiwan Cooperative Bank

Receiving agencies

State-owned companies

Indian Railway Finance Corporation (IRFC)

Loan description

China Construction Bank contribution to USD 100 million syndicated loan to Indian Railway Finance Corporation

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

On November 19, 2004, China Construction Bank signed the loan agreement for a USD 100 million syndicated loan to Indian Railway Finance Corporation. The loan term is five years, and the interest rate is unknown. Mandated lead arrangers BNP Paribas, Calyon, Citigroup, DBS Bank, Standard Chartered Bank, and State Bank of India each lent USD 5.67 million. Bank of Baroda, Bank of Tokyo-Mitsubishi, China Construction Bank, International Commercial Bank of China, KfW, Syndicate Bank (Canara), and Taiwan Cooperative Bank participated as arrangers with USD 5 million each. Co-arrangers included Cathay United Bank, Chiao Tung Bank, E.Sun Commercial Bank, Hua Nan Commercial Bank, International Bank of Taipei, Land Bank of Taiwan, National Bank of Dubai (Emirates NBD), SBI International, and Sumitomo Trust and Banking Corp with USD 2.5 million each. Lead managers are Central Trust of China and Shanghai Commercial & Savings Bank with USD 2 million each, and Canara Bank, Export-Import Bank of the Republic of China, and Farmers Bank of China (Taiwan Cooperative Bank) with USD 1.5 million each.