China Construction Bank participates in USD 100 million syndicated loan to Indian Railway Finance Corporation
Commitment amount
$ 11388260.609433182
Adjusted commitment amount
$ 11388260.61
Constant 2021 USD
Summary
Funding agency [Type]
China Construction Bank Corporation (CCB) [State-owned Commercial Bank]
Recipient
India
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
Yes
Category
Project lifecycle
Description
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.
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
BNP Paribas S.A. [Private Sector]
Citigroup [Private Sector]
Development Bank of Singapore (DBS) [Private Sector]
Standard Chartered Bank PLC [Private Sector]
State Bank of India (SBI) [State-owned Bank]
Bank of Baroda [Private Sector]
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU)) [Private Sector]
KfW Development Bank (KfW Entwicklungsbank GmbH) [State-owned Bank]
Canara Bank [State-owned Bank]
Taiwan Cooperative Bank [State-owned Bank]
Chiao Tung Bank Company Ltd. [Miscellaneous Agency Type]
International Bank of Taipei (IBT) [Private Sector]
Land Bank of Taiwan Co., Ltd. (LBOT) [State-owned Bank]
Emirates NBD Bank PJSC [State-owned Bank]
State Bank of India International [State-owned Bank]
Sumitomo Mitsui Trust Bank, Limited (SMTB) [Private Sector]
Central Trust of China [State-owned Bank]
Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI)) [Private Sector]
Export-Import Bank of the Republic of China, Taipei [State-owned Bank]
Cathay United Bank [Private Sector]
E.SUN Commercial Bank, Ltd. [Private Sector]
Hua Nan Commercial Bank, Ltd. (HNCB) [Private Sector]
Mega International Commercial Bank Co., Ltd. [Private Sector]
The Shanghai Commercial & Savings Bank, Ltd. (SCSB) [Private Sector]
Direct receiving agencies [Type]
Indian Railway Finance Corporation [State-owned Company]
Loan Details
Maturity
5 years