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China Construction Bank participates in $200 million USD syndicated loan for Reliance Industries in February 2007 for capex and general corporate purposes
| Funder | China Construction Bank Corporation (CCB) |
|---|---|
| Recipient Organization | Reliance Industries Ltd. |
| Country | India |
| Start Date | Feb 01, 2007 |
| End Date | Nov 14, 2028 |
| Duration | 7,957 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 98327 |
Grant Description
China Construction Bank contribution to USD 200 million syndicated loan for Reliance Industries in February 2007 In February 2007, a $200 million USD syndicated loan was reported in the market for Reliance Industries in India. China Construction Bank contributed $25 million USD to this loan as a mandated lead arranger.
Other mandated lead arrangers included Bank of Tokyo-Mitsubishi UFJ, Calyon, Citigroup, Fortis, Mizuho and WestLB. DBS served as a sole bookrunner for this loan. The loan carries a seven year maturity period. As of February 2007, the loan was still being syndicated but China Construction Bank had already committed funding.
The proceeds of the loan were to be used for capex and general corporate purposes.
Staff Comments
1. Specific contributions of each financier are unknown. To calculate China Construction Bank’s contribution to this loan, AidData a) assumes that each official sector financing institution from China contributed an equal amount to the syndicated loan and (b) estimates the contributions of each financier by dividing the total face value of the loan ($200 million USD) by the total number of financiers in the syndicate (8 financiers). This brings the contribution of each individual financier to $25 million USD.
Sources & References
India 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
Reliance Industries Ltd.
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