ICBC (London) contributes 7.5 million USD to a syndicated loan for Punjab National Bank in July 2005

$7.5M USD

Funder	ICBC (London) PLC
Recipient Organization	Punjab National Bank (PNB)
Country	India
Start Date	Jul 25, 2005
End Date	Apr 27, 2032
Duration	9,773 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`104671`

Grant Description

ICBC (London) contribution to USD 100 million syndicated loan for Punjab National Bank in July 2005 On July 25 2005, a 100 million USD syndicated loan was signed for Punjab National Bank.

Mandated lead arrangers DBS Bank held $10m, Bank of Tokyo-Mitsubishi, BNP Paribas and DZ Bank (Singapore) lent $8m apiece and HSH Nordbank (Singapore) and Natexis Banques Populaires (Singapore) provided $5m each. Arrangers are ICBC (London), International Commercial Bank of China and Lloyds TSB Bank contributing $7.5m apiece.

Lead managers include Wachovia Bank with a ticket of $6.5m, Chang Hwa Commercial Bank (Singapore), Chiao Tung Bank, National Bank of Dubai and UniCredito Italian absorbing $5m each, First Commercial Bank committing $4m and Sampo Bank holding $3m. The loan carried a maturity period of three years and 10 months.

📚 Sources & References

India 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.