Overview

Bank of China contributes 7.5 million USD to a 150 million USD syndicated loan for Liquid Telecom in December 2014

Commitments (Constant USD, 2023)$7,691,649

Commitment Year•2014Country of Activity•MauritiusDirect Recipient Country of Incorporation•MauritiusSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2014

Last repayment: Dec 31, 2018

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

Bank of China (BOC)

Cofinancing agencies

Private Sector

Afrasia Bank Limited
Barclays Bank PLC
Federated Project and Trade Finance Core Fund
Investec Bank Limited
Liberty Holdings Ltd
Sanlam Investment Management (Pty) Limited
Standard Bank
Standard Chartered Bank PLC

State-owned Banks

State Bank of India (SBI)

Receiving agencies

Private Sector

Liquid Intelligent Technologies

Loan desecription

Bank of China contributes to USD 150 million syndicated loan for Liquid Telecom in December 2014

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

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).