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Bank of China contributes to $200 million syndicated loan to Azerbaijan’s state-owned oil company (SOCAR) for unspecified purposes
| Funder | Bank of China (BOC) |
|---|---|
| Recipient Organization | State Oil Company of the Azerbaijan Republic (SOCAR) |
| Country | Azerbaijan |
| Start Date | Sep 01, 2019 |
| End Date | Dec 13, 2033 |
| Duration | 5,217 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 92223 |
Grant Description
Bank of China contributes to USD 200 million syndicated loan to State Oil Company of Azerbaijan Republic (SOCAR) for unspecified purposes In September 2019, a group of banks issued a $200 million loan to State Oil Company of Azerbaijan Republic (SOCAR) for unspecified purposes.
The syndicate consisted of Bank of China, Commercial Bank of Dubai, DBS, SG Corporate & Investment Banking, UniCredit, and Union de Banques Arabes et Francaises (UBAF).
Staff Comments
1. The size of Bank of China’s contribution to the syndicate is unknown. For the time being, AidData assumes that all 6 members of the syndicate made equal contributions ($33.333 million).
Sources & References
- Loan: SOCAR 9.2019
- Consolidated financial statements prepared under International Financial Reporting Standards
- MLA league table for syndicated loans TOP30, 2019 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
State Oil Company of the Azerbaijan Republic (SOCAR)
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