Overview

ICBC contributes to USD 1.24 billion dual-tranche syndicated loan facility to Trafigura Group Pte for general corporate purposes

Commitments (Constant USD, 2023)$46,342,555

Commitment Year•2012Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 9, 2012

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Private Sector

Australia and New Zealand Banking Group (ANZ)
National Australia Bank Limited (NAB)
Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
Standard Chartered Bank PLC
Sumitomo Mitsui Banking Corporation (SMBC)
Westpac Banking Corporation

Receiving agencies

Private Sector

Trafigura Group Pte. Ltd.

Loan description

ICBC contributes to USD 1.24 billion dual-tranche syndicated loan facility to Trafigura Group Pte for general corporate purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

On October 9, 2012, a group of 29 banks -- including ICBC -- reached financial close on a USD 1.24 billion dual-tranche syndicated loan facility with Trafigura Group Pte. Proceeds of the loan are to be used for general corporate purposes. The facility consists of a two tranches: a term loan and a revolving credit facility; the sizes of the two tranches are unknown. Lending terms are unknown. ANZ Group, Standard Chartered, Westpac, ICBC, National Australia Bank, OCBC, and Sumitomo Mitsui Banking Corp served as lead arrangers and bookrunners. The other members of the syndicate are unknown.

Staff comments

1. AidData is unable to ascertain neither all members of the syndicate nor individual contributions made by lenders, therefore equal contributions from each of the 29 participating banks have been assumed (1.24/29).