Overview

Industrial and Commercial Bank of China (Asia) participates in USD 125 million syndicated loan to HDFC Bank

Commitments (Constant USD, 2023)$50,108,263

Commitment Year•2005Country of Activity•IndiaDirect Recipient Country of Incorporation•IndiaOverseas Jurisdiction•Hong Kong (China)Sector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 1, 2005

Last repayment (originally scheduled): Jul 31, 2008

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

Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia))

Cofinancing agencies

Private Sector

BNP Paribas S.A.
Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
Natexis Banques Populaires

Receiving agencies

Private Sector

HDFC Bank Limited

Loan description

ICBC (Asia) contribution to USD 125 million syndicated loan to HDFC Bank

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

In August 2005, Industrial and Commercial Bank of China (Asia) participated in a USD 125 million syndicated loan to HDFC Bank. The loan had a maturity of three years. The interest rate is unknown. BNP Paribas, Bank of Tokyo-Mitsubishi, Calyon, and Natexis Banques Populaires participated in the syndicate. The purpose of the loan is unknown.

Staff comments

1. AidData assumes equal contributions from each member of the syndicate. USD 125 million divided by 5 participants is a USD 25 million contribution from each lender.