China Development Bank contributes 40 million USD to syndicated loan for Reliance Industries in August 2008

China Development Bank contribution to USD 1 billion syndicated loan for Reliance Industries in August 2008 On August 29 2008, the China Development Bank contributed 40 million USD to a 1 billion USD syndicated loan for Reliance Industries.

The loan was part of a larger 1.2 billion USD multi-currency syndicated loan which was split into a $1 billion loan and a $200 million facility.

Final allocations on the $1 billion deal saw the 19 mandated lead arrangers: ABN AMRO, Banco Bilbao Vizcaya Argentaria, Bank of Nova Scotia, Bank of Tokyo-Mitsubishi UFJ, BayernLB, BNP Paribas, Calyon, Citi, DBS Bank, Fortis, HSBC, ING Bank, KfW Bank, Mashreqbank, Natixis, NordLB, Rabobank, Sumitomo Mitsui Banking Corp and WestLB committing $40.25 million apiece.

Lead arrangers China Development Bank lent $40 million and Commonwealth Bank of Australia held $37.25 million.

Lead managers Chinatrust Commercial Bank, DnB Nor Bank, Mega International Commercial Bank, Mizuho Corporate Bank and Norinchukin Bank each provided $20 million.

Managers Bank of Taiwan took $17 million, while Bank of East Asia, First Commercial Bank and Qatar National Bank pledged $10 million apiece.

Rounding up the group were co-managers E Sun Commercial Bank and Hua Nan Commercial Bank with contributions of $6 million and $5 million respectively.