Overview

Bank of China contributes $30 million SGD to a $163 million SGD syndicated loan to BCH Hotel Investments for working capital and general corporate purposes

Commitments (Constant USD, 2023)$33,079,164

Commitment Year•2007Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeOverseas Jurisdiction•SingaporeSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 17, 2007

Last repayment (originally scheduled): Dec 15, 2012

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Cofinancing agencies

Private Sector

Bangkok Bank Public Company Limited (BBL)
DBS Bank Ltd.

Receiving agencies

Private Sector

BCH Hotel Investments Pte Ltd.

Loan description

Bank of China contributions to SGD 163 million 2007 syndicated term loan for working capital and general corporate purposes with BCH Hotel Investments

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

On December 17, 2007, a syndicate of three banks — the Singapore Branch of the Bank of China (BOC), DBS Bank, and Bangkok Bank — signed a $163 million SGD syndicated term loan agreement with BCH Hotel Investments Pte Ltd. — a Singaporean-incorporated hotel company — for working capital and general corporate purposes. This loan carried a maturity period of five years. DBS Bank served as sole mandated lead arranger and bookrunner and contributed $66 million SGD. Bangkok served as lead arranger and contributed $66 million SGD. BOC Singapore Branch contributed $30 million SGD. The proceeds were to be used by the borrower for working capital and general corporate purposes.