Overview

Export-Import Bank of China participates in $200 million syndicated loan to VietinBank for on-lending purposes

Commitments (Constant USD, 2023)$12,119,128

Commitment Year•2016Country of Activity•Viet NamDirect Recipient Country of Incorporation•Viet NamSector•Other MultisectorFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 10, 2016

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 Policy Banks

Export-Import Bank of China (China Eximbank)

Cofinancing agencies

Private Sector

Banco de Oro (BDO Unibank)
BNP Paribas S.A.
Chang Hwa Commercial Bank Limited
Commerzbank Aktiengesellschaft (Commerzbank AG)
Far Eastern International Bank (FEIB)
Taipei Fubon Commercial Bank Co., Ltd. (Taipei Fubon Bank)
Taiwan Business Bank (TBB)

State-owned Banks

State Bank of India (SBI)

Receiving agencies

State-owned Banks

Vietnam Bank for Industry and Trade (VietinBank)

Loan description

China Eximbank contribution to $200 million syndicated loan to VietinBank for on-lending purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

On March 10, 2016, a syndicate of 18 banks — including the Export-Import Bank of China — signed a $200 million syndicated loan agreement with Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) — a Vietnamese state-owned bank — for on-lending purposes. The borrowing terms of the loan are unknown. However it is known that VietinBank intended to use the foreign currency loan to on-lend to its corporate clients for manufacturing and business activities. The syndicate was led by BNP Paribas and Taipei Fubon Commercial Bank. Commerzbank AG, State Bank of India, BDO Unibank, Chang Hwa Commercial Bank, Taiwan Business Bank, Far Eastern International Bank, and Export-Import Bank of China are also known to have participated.

Staff comments

1. AidData assumes equal contributions from all members of a syndicate. USD 200 million divided by 18 participants is USD 11.11 million per lender.