Project ID: 96761

Industrial and Commercial Bank of China participates in USD 140 million syndicated loan to VietJet

Commitment amount

$ 52433015.242645055

Adjusted commitment amount

$ 52433015.24

Constant 2021 USD

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Vietnam

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2019-11-15

Actual start

2019-11-15

Description

On November 15, 2019, Industrial and Commercial Bank of China (Asia) participated in a USD 140 million syndicated loan to VietJet. Loan terms are unknown. VietJet planned to use the money to purchase 20 long-range Airbus A321XLR narrow body planes to create new routes to the Middle East, Eastern Europe, and Australia. The other lenders in the syndicate were Woori Bank and KEB Hana Bank.

Additional details

1. AidData assumes equal participation from each member of the syndicate. USD 140 million divided by 3 participants is a contribution of USD 46666666.67 from each lender.

Number of official sources

1

Number of total sources

2

Download the dataset

Details

Cofinanced

Yes

Cofinancing agencies [Type]

KEB Hana Bank of Korea [Private Sector]

Woori Bank [Private Sector]

Direct receiving agencies [Type]

VietJet Air [Private Sector]

Loan Details

Syndicated loan

Investment project loan