Active Commercial AidData Chinese Aid

Bank of China contributes $10 million USD to $115 million USD syndicated loan for Export-Import Bank of India in February 2004

$10M USD

Funder	Bank of China (BOC)
Recipient Organization	India Export Import Bank
Country	India
Start Date	Feb 01, 2004
End Date	Jan 23, 2032
Duration	10,218 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`98662`

Grant Description

Bank of China contribution to USD 115 million syndicated loan to Export-Import Bank of India in February 2004 In February 2004, final commitments were made for a $115 million USD syndicated and transferable loan for the Export-Import Bank of India. Signing was expected to take place March 1, 2004 but confirmation of this signing is unavailable.

The loan carries an interest rate of 1.486% (average 6-month LIBOR in February 2004 + a margin of 30 basis points). Mandated arrangers included DZ Bank (Singapore), Natexis Banques Populaires, Bank of Tokyo-Mitsubishi and Citigroup.

DZ Bank and Natexis Banques Populaires provided $10 million apiece while Bank of Tokyo-Mitsubishi and Citigroup provided $7.5 million each.

Arrangers included Bank Austria, Bank of China, Bank of Taiwan, National Bank of Dubai and NordLB lending $10 million apiece.

Lead managers include Banca Monte dei Paschi di Siena (Hong Kong) committing $6 million and Bank Muscat, Chinatrust Commercial Bank, Doha Bank and Export-Import Bank of the Republic of China providing $5 million each. Arab Bank was a senior manager contributing $4 million.

📋 Staff Comments

1. For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

Asia 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.