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ICBC contributes 28 million USD to a syndicated loan for Reliance Ports and Terminals and Reliance Utilities (linked to Record ID#104740)
| Funder | Industrial and Commercial Bank of China (ICBC) |
|---|---|
| Recipient Organization | Jamnagar Utilities & Power Private Limited (formerly Reliance Utilities And Power Private Limited)|Reliance Ports and Terminals Pvt. Ltd. (RPTL) |
| Country | India |
| Start Date | May 01, 2007 |
| End Date | Apr 14, 2032 |
| Duration | 9,115 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 104739 |
Grant Description
China Construction Bank and ICBC contributions to USD 925 million syndicated loan for Reliance Ports and Terminals and Reliance Utilities In May 2007, Reliance Ports and Terminals and Reliance Utilities signed a 925 million USD syndicated 10-year. ICICI Bank held a majority of the loan at $236 million and Standard Chartered with $60 million.
Mashreqbank participated on a $44.5m ticket. Arab Banking Corp, BNP Paribas, DBS, Intesa Sanpaolo and Sumitomo Mitsui Banking Corp all committed $34.5m.
Emirates Bank, Union National Bank, Abu Dhabi Commercial Bank, Banco Espirito Santo de Investimento, First Gulf Bank and Old Mutual lent $30m. Industrial & Commercial Bank of China took a $28m ticket (as recorded in this project). Banque Federative du Credit Mutuel, BayernLB and Mitsubishi UFJ took $24m.
China Construction Bank (recorded in Record ID#104740), DnB NOR Bank, Fortis and Industrial Bank of Korea committed $16m. Ahli United Bank and the National Bank of Dubai lent $15m each. Bank of Bahrain & Kuwait, Bank of Taiwan and Dah Sing Financial Holdings took $10m. Bank Sinopac lent $8m.
Sources & References
SOUTH ASIA 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
Jamnagar Utilities & Power Private Limited (formerly Reliance Utilities And Power Private Limited)|Reliance Ports and Terminals Pvt. Ltd. (RPTL)
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