Bank of China contributes 7.5 million USD to a 150 million USD syndicated loan for Liquid Telecom in December 2014
Commitment amount
$ 8303214.235563662
Adjusted commitment amount
$ 8303214.24
Constant 2021 USD
Summary
Funding agency [Type]
Bank of China (BOC) [State-owned Commercial Bank]
Recipient
Mauritius
Sector
Business and other services (Code: 250)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
In December 2014, Bank of China contributed 7.5 million USD to a 150 million USD syndicated loan for Liquid Telecom, the Mauritius-headquartered fixed line provider. The loan was closed in the second half of December 2014, had a five-year maturity, and amortizing profile. 10 banks participated in the syndicate loan: Standard Chartered (lent 40 million USD), Standard Bank (29 million), Barclays (19 million), Investec (19 million), Liberty Holdings (12.5 million), AfrAsia Bank (6 million), Sanlam (6 million), State Bank of India (6 million), and Federated Project and Trade Finance (5 million).
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Standard Chartered Bank PLC [Private Sector]
Standard Bank [Private Sector]
Barclays Bank Plc [Private Sector]
Investec Bank Limited [Private Sector]
Liberty Holdings Ltd [Private Sector]
Afrasia Bank Limited [Private Sector]
Sanlam Investment Management (Pty) Limited [Private Sector]
State Bank of India (SBI) [State-owned Bank]
Federated Project and Trade Finance Core Fund [Private Sector]
Direct receiving agencies [Type]
Liquid Intelligent Technologies [Private Sector]
Loan Details
Maturity
5 years