Export-Import Bank of China participates in $200 million syndicated loan to VietinBank for on-lending purposes
Commitment amount
$ 13120049.961671356
Adjusted commitment amount
$ 13120049.96
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Vietnam
Sector
Other multisector (Code: 430)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
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.
Additional details
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.
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
BNP Paribas S.A. [Private Sector]
Taipei Fubon Commercial Bank Co., Ltd. (Taipei Fubon Bank) [Private Sector]
Commerzbank AG [Private Sector]
State Bank of India (SBI) [State-owned Bank]
Banco de Oro (BDO) [Private Sector]
Chang Hwa Commercial Bank Limited [Private Sector]
Taiwan Business Bank (TBB) [Private Sector]
Far Eastern International Bank (FEIB) [Private Sector]
Direct receiving agencies [Type]
Vietnam Bank for Industry and Trade (VietinBank) [State-owned Bank]