Overview

Bank of China participates in USD 100 million syndicated loan to HDFC Bank for unspecified purposes

Commitments (Constant USD, 2023)$14,726,154

Commitment Year•2004Country of Activity•IndiaDirect Recipient Country of Incorporation•IndiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 1, 2004

Last repayment (originally scheduled): Aug 1, 2005

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

Bank of China (BOC)

Cofinancing agencies

Private Sector

Bank Muscat
Bank of America, N.A.
DBS Bank Ltd.
DZ Bank AG
HSBC Bank PLC
Lloyds Bank plc (formerly Lloyds TSB Bank PLC)
Natexis Banques Populaires
Raiffeisen Bank International AG
Sumitomo Mitsui Banking Corporation (SMBC)

State-owned Banks

Banca Monte dei Paschi di Siena S.p.A. (MPS) (BMPS)
Export-Import Bank of the Republic of China, Taipei
Norddeutsche Landesbank Girozentrale (NORD/LB)

Receiving agencies

Private Sector

HDFC Bank Limited

Loan description

Bank of China contribution to USD 100 million syndicated loan to HDFC Bank for unspecified purposes

Interest type•UnknownMaturity•1 years

Narrative

Full Description

Project narrative

In August 2004, Bank of China agreed to participate in a USD 100 million syndicated loan to HDFC Bank. The loan is a 364 day credit. Interest rate and fees are unknown. In August of 2004, the signing date had not been decided. As lead arrangers, BA Asia, DBS Bank, HSBC, Natexis Banques Populaires, RZB Austria and DZ Bank contributed USD 10 million each. Bank Muscat, Bank of China and NordLB served as arrangers and contributed USD 7 million each. As lead managers, Lloyds TSB Bank committed USD 7 million and Export-Import Bank of Taiwan and Sumitomo Mitsui Banking Corp each contributed USD 5 million. Banca Monte dei Paschi di Siena joined as a manager with a contribution of USD 2 million.