Overview

China Construction Bank contributes to a $100 million USD syndicated loan to Sekisui Chemicals for working capital purposes

Commitments (Constant USD, 2023)$46,243,926

Commitment Year•2009Country of Activity•JapanDirect Recipient Country of Incorporation•JapanSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 20, 2009

Last repayment (originally scheduled): Aug 19, 2012

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

China Construction Bank Corporation (CCB)

Cofinancing agencies

Private Sector

Bank of America, N.A.
Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))

Receiving agencies

Private Sector

Sekisui Chemicals Co., Ltd.

Loan description

2009 syndicated $100 million USD loan from CCB for working capital purposes

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

Between August 14 and 20, 2009, a syndicate of three banks — China Construction Bank Corporation (CCB), Bank of America, and Calyon — signed a $100 million USD revolving credit agreement with Sekisui Chemicals Co., Ltd. — a Japanese plastics manufacturer — for working capital purposes. This loan carried a maturity period of three years. Calyon was the sole bookrunner, Bank of America joined as mandated lead arranger, and CCB joined as participant.

Staff comments

1. The individual contribution of the three lenders to this $100 million USD syndicated loan is unknown. For the time being, AidData has estimated the contribution of CCB by assuming that each lender contributed an equal amount ($33,333,333.3333 USD) to the syndicated loan.