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Bank of China contributes $9 million USD to a $100 million USD syndicated loan for Indian Overseas Bank for unspecified purposes
| Funder | Bank of China (BOC) |
|---|---|
| Recipient Organization | Indian Overseas Bank (IOB) |
| Country | India |
| Start Date | Mar 20, 2008 |
| End Date | Sep 08, 2031 |
| Duration | 8,572 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 103031 |
Grant Description
Bank of China contribution to USD 100 million syndicated loan for Indian Overseas Bank for unspecified purposes Between March 14 and 20, 2008, a syndicate of 15 banks — including the Bank of China (BOC) — entered into a $100 million USD syndicated loan agreement with Indian Overseas Bank (IOB) — an Indian public sector bank based in Chennai — for unspecified purposes.
This loan carried a maturity period of three years.
The coordinating arrangers, BOC HSBC, Intesa Sanpalo, Bank of Tokyo-Mitsubishi UFJ, DZ Bank, First Commercial Bank, and Taiwan Cooperative Bank committed $9 million USD each.
Arrangers Bank of Austria Creditanstalt and Land Bank of Taiwan provided $7 million USD each, while co-arrangers Banca Monte dei Paschi di Siena, Banque des Mascareignes and Hua Nan Commercial Bank committed $5 million USD apiece.
Export-Import Bank of the Republic of China committed $3.5 million USD while Bank of Kaohsiung committed $3 million USD. Shanghai Commercial & Savings Bank committed $1.5 million USD.
Sources & References
- Loan week
- March 14-20 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Indian Overseas Bank (IOB)
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