ICBC contributes to a $1 billion dual tranche syndicated term loan facility to The Mauritius Commercial Bank Ltd. for refinancing purposes
Commitment amount
$ 52631579.0
Adjusted commitment amount
$ 52631579.0
Constant 2021 USD
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Mauritius
Sector
Banking and financial services (Code: 240)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
On September 9, 2021, ICBC contributed to a $1,000,000,000 dual tranche syndicated term loan facility to The Mauritius Commercial Bank Ltd. Proceeds from the Facility will be used to refinance amounts outstanding under the Borrower’s existing USD800mn term loan signed in March 2019 and for general corporate purposes, including trade finance. The Facility comprises two tranches – Tranche A with a tenor of 2 years (bullet repayment) and Tranche B with a tenor of 3 years (bullet repayment). The Coordinators, Bookrunners, and Mandated Lead Arrangers are: Abu Dhabi Commercial Bank, Citi, Intesa Sanpaolo, Mizuho, Standard Chartered Bank, and SMBC BI. The Mandated Lead Arrangers are: Bank of Baroda, Commerzbank, Doha Bank, Emirates NBD, First Abu Dhabi Bank, HSBC, ICBC, KfW, MUFG, OPEC Fund, Société Générale, State Bank of India, and Union Bank of India. The Lead Arrangers are: AfrAsia, Credit Europe Bank, Gulf Bank, JPMorgan, RAK Bank, Sanlam, Standard Bank The Arrangers are: Banque Misr, Bank Muscat, BCP Bank, Caixabank, and Investec The Facility Agent is: Mizuho
Additional details
1. Since no further information was found, Aiddata assumes that each contributor paid an equal part of 52,631,579.
Number of official sources
0
Number of total sources
5
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Abu Dhabi Commercial Bank PJSC (ADCB) [State-owned Bank]
Citibank N.A. [Private Sector]
Intesa Sanpaolo S.P.A. [Private Sector]
Mizuho Bank [Private Sector]
Standard Chartered Bank PLC [Private Sector]
Sumitomo Mitsui Banking Corporation Group (SMBC Group) [Private Sector]
Bank of Baroda [Private Sector]
Commerzbank [Private Sector]
Doha Bank [Private Sector]
Emirates NBD Bank PJSC [State-owned Bank]
First Abu Dhabi Bank (FAB) [State-owned Bank]
HSBC [Private Sector]
Germany Development Bank (KFW) [State-owned Bank]
OPEC Fund for International Development [Intergovernmental Organization]
State Bank of India (SBI) [State-owned Bank]
Union Bank of India [Private Sector]
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU)) [Private Sector]
Société Générale S.A. (SocGen) [Private Sector]
Direct receiving agencies [Type]
Mauritius Commercial Bank [Private Sector]