Industrial and Commercial Bank of China (Asia) participates in USD 125 million syndicated loan to HDFC Bank

$25M USD

Funder	Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia))
Recipient Organization	HDFC Bank Limited
Country	India
Start Date	Aug 01, 2005
End Date	Jul 25, 2029
Duration	8,759 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`96710`

Grant Description

ICBC (Asia) contribution to USD 125 million syndicated loan to HDFC Bank In August 2005, Industrial and Commercial Bank of China (Asia) participated in a USD 125 million syndicated loan to HDFC Bank. The loan had a maturity of three years. The interest rate is unknown. BNP Paribas, Bank of Tokyo-Mitsubishi, Calyon, and Natexis Banques Populaires participated in the syndicate.

The purpose of the loan is unknown.

📋 Staff Comments

1. AidData assumes equal contributions from each member of the syndicate. USD 125 million divided by 5 participants is a USD 25 million contribution from each lender.

📚 Sources & References

Asia Pacific Syndicated 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.