Project ID: 98591

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

Commitment amount

$ 59439984.077395454

Adjusted commitment amount

$ 59439984.08

Constant 2021 USD

Summary

Funding agency [Type]

Bank of China (BOC) [State-owned Commercial Bank]

Recipient

India

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2007-04-01

Description

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.

Additional details

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.

Number of official sources

0

Number of total sources

1

Download the dataset

Details

Cofinanced

Yes

Cofinancing agencies [Type]

Australia and New Zealand Banking Group (ANZ) [Private Sector]

DBS Bank [Private Sector]

ING Group N.V. [Private Sector]

Standard Chartered Bank PLC [Private Sector]

Direct receiving agencies [Type]

Reliance Utilities And Power Private Limited [Private Sector]

Loan Details

Maturity

10 years

Syndicated loan