Skip to content
AidData logo

Overview

ICBC contributes to a $190 million syndicated loan to Bank for Investment and Development of Vietnam for unspecified purposes (Linked to Record ID#98673)

Commitments (Constant USD, 2023)$33,697,335
Commitment Year•2017Country of Activity•Viet NamDirect Recipient Country of Incorporation•Viet NamSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 1, 2017
Last repayment (originally scheduled)
Nov 1, 2019

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

  • Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Private Sector

  • Australia and New Zealand Banking Group (ANZ)
  • Citibank, N.A.
  • Commerzbank Aktiengesellschaft (Commerzbank AG)
  • Malayan Banking Berhad (Maybank)

State-owned Commercial Banks

  • China Construction Bank Corporation (CCB)

Receiving agencies

State-owned Banks

  • Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)

Loan description

ICBC and CCB contribution to $190 million syndicated loan to Bank for Investment and Development of Vietnam for unspecified purposes

Interest type•UnknownMaturity•2 years

Narrative

Full Description

Project narrative

In November 2017, a syndicate of at least six banks — including China Construction Bank Corporation (CCB) and the Industrial and Commercial Bank of China (ICBC) — entered into a $190 million USD syndicated loan agreement with Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) — a Vietnamese state-owned bank — for unspecified purposes. This loan carried a maturity period of two years. In addition to CCB and ICBC, the following lenders contributed to the loan syndicate: Australia and New Zealand Banking Group (ANZ), Citibank, Commerzbank, and Maybank Banking Berhad. All these known lenders served as mandated lead arrangers. Record ID#98673 captures CCB's contribution. Record ID#98674 captures ICBC's contribution.

Staff comments

1. The individual contribution of the six lenders (it is possible there may have been additional ones, but this is unknown at this time) to this $190 million syndicated loan is unknown. For the time being, AidData has estimated the contribution of CCB and ICBC by assuming that each lender contributed an equal amount ($31,666,666.6667 USD) to the syndicated loan.