Loading grant details…
Bank of China (Hong Kong Branch) contributes $10 million USD to $210 million syndicated loan for Bank of India in May 2008 for general corporate purposes
| Funder | Bank of China (Hong Kong) Limited (BOCHK) |
|---|---|
| Recipient Organization | Bank of India Limited (BOI) |
| Country | India |
| Start Date | May 06, 2008 |
| End Date | Feb 23, 2029 |
| Duration | 7,598 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 98303 |
Grant Description
Bank of China (Hong Kong Branch) contribution to USD 210 million syndicated loan for Bank of India in May 2008 On May 6, 2008, a $210 million USD syndicated loan for the Bank of India was signed. The facility was oversubscribed and upsized from $100 million USD due to an overwhelming market response.
Original mandated leaders and bookrunners included the Bank of Tokyo-Mitsubishi UFJ, DZ Bank, HSBC, Intesa Sanpaolo and Sumitomo Mitsui Banking Corporation. Each of these bookrunners committed $15 million USD each.
Equal status arrangers for the loan included Chinatrust Commercial Bank, First Commercial Bank, KommunalKredit International Bank and Unicredit with holds of $14.5 million USD each.
Lead arrangers Bank of China (Hong Kong branch), Bank of Taiwan, Banques des Mascareignes, Chang Hwa Commercial Bank, Hua Nan Commercial Bank and Land Bank of Taiwan provided $10 million USD each.
Arrangers for the syndicated loan included Cathay United Bank, Shanghai Commercial and Savings Bank and Shin Kong Commercial Bank. Each provided $5 million USD. Bank of Kaohsiung, whose role is unspecified, provided $3 million USD.
The loan carried a maturity period of three years, was a bullet deal, and carried LIBOR plus a margin of 90 basis points). The loan proceeds were for general corporate purposes.
Sources & References
- Loan week
- May 9-15 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
Bank of India Limited (BOI)
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
