Project ID: 98597

Bank of China contributes USD 20 million to club loan to Home Credit Vietnam for unspecified corporate purposes (linked to project ID #98598)

Commitment amount

$ 23046763.140419476

Adjusted commitment amount

$ 23046763.14

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Vietnam

Sector

Business and other services (Code: 250)

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

2017-11-01

Description

In November 2017, a group of four banks -- Bank of China, ICBC, Credit Suisse, and Maybank -- agreed to provide a USD 80 million club term loan with Home Credit Vietnam, a Vietnamese installment lender. The loan has a three year maturity and carries an interest rate of LIBOR plus 440 basis points. Each bank contributed USD 20 million to the loan. Bank of China's contribution is captured via project ID #98597. ICBC's contribution is captured via project ID #98598.

Number of official sources

0

Number of total sources

1

Download the dataset

Details

Cofinanced

Yes

Cofinancing agencies [Type]

Credit Suisse [Private Sector]

Malayan Banking Berhad (Maybank) [Private Sector]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Direct receiving agencies [Type]

Home Credit Vietnam Finance Co. Ltd. [Private Sector]

Loan Details

Maturity

3 years

Interest rate

6.026%

Grant element (OECD Grant-Equiv)

4.9472%

Syndicated loan