Overview

China Construction Bank participates in $200 million USD syndicated loan for Reliance Industries in February 2007 for capex and general corporate purposes

Commitments (Constant USD, 2023)$41,539,113

Commitment Year•2007Country of Activity•IndiaDirect Recipient Country of Incorporation•IndiaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Feb 1, 2007

Last repayment (originally scheduled): Jan 30, 2014

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

China Construction Bank Corporation (CCB)

Cofinancing agencies

Private Sector

Citigroup Inc.
Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
DBS Bank Ltd.
Fortis Bank
Mizuho Bank, Ltd.
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))

State-owned Banks

WestLB AG

Receiving agencies

Private Sector

Reliance Industries Ltd.

Loan description

China Construction Bank contribution to USD 200 million syndicated loan for Reliance Industries in February 2007

Interest type•UnknownMaturity•7 years

Narrative

Full Description

Project narrative

In February 2007, a $200 million USD syndicated loan was reported in the market for Reliance Industries in India. China Construction Bank contributed $25 million USD to this loan as a mandated lead arranger. Other mandated lead arrangers included Bank of Tokyo-Mitsubishi UFJ, Calyon, Citigroup, Fortis, Mizuho and WestLB. DBS served as a sole bookrunner for this loan. The loan carries a seven year maturity period. As of February 2007, the loan was still being syndicated but China Construction Bank had already committed funding. The proceeds of the loan were to be used for capex and general corporate purposes.

Staff comments

1. Specific contributions of each financier are unknown. To calculate China Construction Bank’s contribution to this loan, AidData a) assumes that each official sector financing institution from China contributed an equal amount to the syndicated loan and (b) estimates the contributions of each financier by dividing the total face value of the loan ($200 million USD) by the total number of financiers in the syndicate (8 financiers). This brings the contribution of each individual financier to $25 million USD.