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China Construction Bank participates in USD 100 million syndicated loan to Indian Railway Finance Corporation
| Funder | China Construction Bank Corporation (CCB) |
|---|---|
| Recipient Organization | Indian Railway Finance Corporation (IRFC) |
| Country | India |
| Start Date | Nov 19, 2004 |
| End Date | Mar 23, 2033 |
| Duration | 10,351 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 96708 |
Grant Description
China Construction Bank contribution to USD 100 million syndicated loan to Indian Railway Finance Corporation On November 19, 2004, China Construction Bank signed the loan agreement for a USD 100 million syndicated loan to Indian Railway Finance Corporation.
Mandated lead arrangers BNP Paribas, Calyon, Citigroup, DBS Bank, Standard Chartered Bank, and State Bank of India each lent USD 5.67 million.
Bank of Baroda, Bank of Tokyo-Mitsubishi, China Construction Bank, International Commercial Bank of China, KfW, Syndicate Bank (Canara), and Taiwan Cooperative Bank participated as arrangers with USD 5 million each.
Co-arrangers included Cathay United Bank, Chiao Tung Bank, E.Sun Commercial Bank, Hua Nan Commercial Bank, International Bank of Taipei, Land Bank of Taiwan, National Bank of Dubai (Emirates NBD), SBI International, and Sumitomo Trust and Banking Corp with USD 2.5 million each.
Lead managers are Central Trust of China and Shanghai Commercial & Savings Bank with USD 2 million each, and Canara Bank, Export-Import Bank of the Republic of China, and Farmers Bank of China (Taiwan Cooperative Bank) with USD 1.5 million each.
Sources & References
Asia loans 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 Railway Finance Corporation (IRFC)
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