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Bank of China contributes to a $925 million USD syndicated loan to Reliance Utilities And Power
| Funder | Bank of China (BOC) |
|---|---|
| Recipient Organization | Jamnagar Utilities & Power Private Limited (formerly Reliance Utilities And Power Private Limited) |
| Country | India |
| Start Date | Apr 01, 2007 |
| End Date | Apr 24, 2027 |
| Duration | 7,328 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 98591 |
Grant Description
Bank of China contribution to USD 925 million syndicated loan to Reliance Utilities And Power In April 2007, a syndicate of 28 banks — including the Bank of China (BOC) — signed a syndicated dual-tranche $925 million USD loan agreement with Reliance Utilities And Power Private Limited. This loan carried a maturity period of 10-years.
In addition to BOC, the following lenders contributed to the loan syndicate: Australia and New Zealand Banking Group (ANZ), DBS Bank, ING Group N.V., and Standard Chartered Bank. All these lenders and BOC served as joint bookrunners.
Staff Comments
1. The individual contribution of the 28 lenders to this $925 million USD syndicated loan is unknown. For the time being, AidData has estimated the contribution of BOC by assuming that each lender contributed an equal amount ($33,035,714.2857 USD) to the syndicated loan.
Sources & References
India’s Reliance Utilities loan rises to $300m with nine 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
Jamnagar Utilities & Power Private Limited (formerly Reliance Utilities And Power Private Limited)
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