Agricultural Bank of China contributes to a $1 billion loan facility to Standard Bank (Linked to Project ID#96766, #96767, #96768, #96769)

On April 19, 2016, Standard Bank signed a $1 billion loan facility with an international syndicated of eighteen (18) lenders. The terms of the loan included a three (3) year maturity date and an interest rate based on contemporary LIBOR (0.38%) plus a 1.2% margin rate. The loan was used for general corporate purposes including trade-related financing as well as infrastructure, power and mining-related lending transactions in Sub-Saharan Africa. Five (5) Chinese banks contributed to the loan: Bank of China's (BOC) Johannesburg branch (captured in Project ID#96766), China Construction Bank's (CCB) Johannesburg branch (captured in Project ID#96767), Industrial and Commercial Bank of China's (ICBC) London branch (captured in Project ID#96769), Industrial and Commercial Bank of China's (ICBC) Hong Kong branch (ICBC (Asia)) (captured in Project ID#96768), and Agricultural Bank of China's (ABC) DIFC branch (captured in Project ID#96770). Mizuho Bank, Bank of China's (BOC) Johannesburg branch, Bayerische Landesbank, China Construction Bank's (CCB) Johannesburg branch, HSBC, ICBC's London branch, ICBC's Hong Kong branch (ICBC (Asia)), and Standard Chartered acted as coordinators, bookrunners, and mandated lead arrangers. Agricultural Bank of China's (ABC) DIFC branch and Emirates NBD Bank acted as bookrunners and mandated lead arrangers. Citibank's DFIC branch and Commerzbank's Luxembourg branch acted as mandated lead arrangers. Bank of Taiwan, CTBC Bank, the Export-Import Bank of the Republic of China, Taiwan Shin Kong Commercial Bank, Taiwan Co-operative Bank, and the Bank of New York Mellon (BNY Mellon) acted as lead arrangers. Bayerische Landesbank was appointed as the facility agent.

Additional details

1. For the time being, AidData assumes equal contribution of all lenders. The value of the financing organization's loan ($55,555,555) was derived by dividing the total amount of funds loaned ($1,000,000,000) by the number of lenders in the syndicate (18). 2. For the time being, AidData is estimating the interest rate (1.58%) as the sum of contemporary LIBOR (0.38%) plus the margin rate (1.2%).

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