Loading grant details…
Shanghai Rural Commercial Bank contribute to $250 million syndicated loan to Afreximbank for on-lending purposes in September 2016 (Linked to Record ID#92362 and #92363)
| Funder | Shanghai Rural Commercial Bank Co., Ltd. (SRCB) |
|---|---|
| Recipient Organization | African Export-Import Bank (Afreximbank) |
| Country | Africa, regional |
| Start Date | Sep 12, 2016 |
| End Date | Jun 10, 2026 |
| Duration | 3,558 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 92364 |
Grant Description
China Eximbank, ICBC, and Shanghai Rural Commercial Bank contributions to USD 250 million syndicated loan to Afreximbank for on-lending purposes in September 2016 On September 12, 2016, the African Export-Import Bank (Afreximbank) signed a $250 million syndicated loan facility agreement with a group of 15 banks for on-lending purposes.
Participants in the lending syndicate included Paris Branch of the Export-Import Bank of China; China Merchants Bank Co., Ltd; Shanghai Rural Commercial Bank Co., Ltd.; Industrial and Commercial Bank of China (Europe) S.A. acting through its Paris Branch; CTBC Bank Co., Ltd, Offshore Banking Branch; E.
Sun Commercial Bank, Ltd; Land Bank of Taiwan, Offshore Banking Branch; Mega International Commercial Bank Co., Ltd., Offshore Banking Branch; Bank of Taiwan, Offshore Banking Branch; Standard Chartered Bank, Private Sector; First Commercial Bank, Offshore Banking Branch; KEB Hana Bank London Branch; KEB Hana Bank Paris Branch; Woori Bank Hong Kong Branch; The Shanghai Commercial & Savings Bank, Ltd., Offshore Banking Branch and Taipei Fubon Commercial Bank Co., Ltd.
Standard Chartered Bank acting as sole coordinating bank and documentation agent on the facilities, as well as sole bookrunner on the syndicated facility.
It is backed by a repayment guarantee from the Shanghai Branch of the Export-Import Bank of China. This project captures Shanghai Rural Commercial Bank's contribution to this loan. Record ID#92362 captures China Eximbank's contribution to this loan. Record ID#92363 captures ICBC's contribution to this loan.
Staff Comments
- The exact sizes of the contributions from China Eximbank, ICBC, and Shanghai Rural Commercial Bank to the loan syndicate are unknown. For the time being, AidData assumes equal contributions ($16,666,666) across the 15 participants in the loan syndicate.
- For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.
- This loan is not included in the Chinese Loans to Africa Database developed by SAIS-CARI and maintained by the Global Development Policy Center at Boston University.
Sources & References
- Afreximbank closes $300 million China Exim-backed loan
- Afreximbank closes $300 million China Exim-backed loan
- Afreximbank secures $300m China Exim-backed loan for African trade
- Base Offering Memorandum
- In loan to Afreximbank
- China's Eximbank makes first guarantee outside of China
- Afreximbank earns first China Exim guarantee
- Afreximbank takes lowest ever margin for two year tranche
- Cable Compendium: a guide to the week’s submarine and terrestrial developments
- Funding settled for PEACE submarine cable project
- Huawei Marine and Tropical Science Commences Work on the Construction of the PEACE Submarine Cable Linking South Asia with East Africa
- Consortium Signs MOU for PEACE Submarine Cable Project
- America’s Undersea Battle With China for Control of the Global Internet Grid, d
- Orange
- PCCW Global and PEACE Cable International jointly announce the landing of PEACE submarine cable in Marseille
- China Doubles Down on Its Digital Silk Road
- PEACE Submarine Cable Project
- MOU Signing Ceremony
- Huawei Marine and Tropical Science Commences Work on the Construction of the PEACE Submarine Cable
- PEACE Submarine Cable Project Perfectly Interpreting 'China Manufacturing Global Quality'
- PEACE CABLE INTERNATIONAL NETWORK CO.
- LIMITED
- NA
- PEACE finished the first cable loading
- A Remarkable Milestone in PEACE CABLE SYSTEM
- PEACE Cable Project Enters into Cable and Material Manufacturing Stage
- Digital Realty Partners with PCCW on PEACE Subsea Cable
- Orange partners with PCCW Global and PEACE Cable International for a new submarine cable to connect Europe to Asia via East Africa by 2021
- 江苏亨通光电股份有限公司 非公开发行股票募集资金使用的可行性分析报告
- 亨通光电：亨通光电2021年半年度募集资金存放与实际使用情况的专项报告
- 江苏亨通光电股份有限公司 关于使用募集资金置换募投项目前期投入的公告 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
African Export-Import Bank (Afreximbank)
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
