Overview

Bank of China contributes to a $925 million USD syndicated loan to Reliance Utilities And Power

Commitments (Constant USD, 2023)$54,890,971

Commitment Year•2007Country of Activity•IndiaDirect Recipient Country of Incorporation•IndiaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 1, 2007

Last repayment (originally scheduled): Mar 29, 2017

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

Bank of China (BOC)

Cofinancing agencies

Private Sector

Australia and New Zealand Banking Group (ANZ)
DBS Bank Ltd.
ING Group N.V.
Standard Chartered Bank PLC

Receiving agencies

Private Sector

Jamnagar Utilities & Power Private Limited (formerly Reliance Utilities And Power Private Limited)

Loan description

Bank of China contribution to USD 925 million syndicated loan to Reliance Utilities And Power

Interest type•UnknownMaturity•10 years

Narrative

Full Description

Project narrative

In April 2007, a syndicate of 28 banks — including the Bank of China (BOC) — signed a syndicated dual-tranche $925 million USD loan agreement with Reliance Utilities And Power Private Limited. This loan carried a maturity period of 10 years. In addition to BOC, the following lenders contributed to the loan syndicate: Australia and New Zealand Banking Group (ANZ), DBS Bank, ING Group N.V., and Standard Chartered Bank. All these lenders and BOC served as joint bookrunners.

Staff comments

1. The individual contribution of the 28 lenders to this $925 million USD syndicated loan is unknown. For the time being, AidData has estimated the contribution of BOC by assuming that each lender contributed an equal amount ($33,035,714.2857 USD) to the syndicated loan.