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Overview

ICBC contributes USD 66 million to Tranche A of USD 820 million dual-tranche syndicated lending facility to Chartered Silicon Partners Pte., Ltd. for unspecified corporate purposes (linked to Record ID#101893)

Commitments (Constant USD, 2023)$156,449,665
Commitment Year•2000Country 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
Sep 28, 2000
Last repayment (originally scheduled)
Sep 27, 2006

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

  • Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Private Sector

  • ABN AMRO Bank NV
  • Citibank, N.A.
  • Commerzbank Aktiengesellschaft (Commerzbank AG)
  • Danske Bank A/S
  • HSBC (Hong Kong and Shanghai Banking Corporation)
  • Industrial Bank of Japan
  • LCL S.A. (formerly Le Crédit Lyonnais)
  • MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
  • Norinchukin Bank (Nochu Bank)
  • Overseas Union Bank (Singapore) (acquired by United Overseas Bank)
  • Sanwa Bank Limited
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • Westdeutsche Landesbank Girozentrale

State-owned Banks

  • Bayerische Landesbank (BayernLB)

Receiving agencies

Private Sector

  • Chartered Silicon Partners Pte., Ltd.

Loan description

2000 USD 820 million dual-tranche syndicated loan to Chartered Silicon Partners Pte., Ltd. for unspecified corporate purposes

Interest type•UnknownMaturity•6 years

Narrative

Full Description

Project narrative

On September 28, 2000, a syndicate of lenders -- including ICBC's Singapore branch -- reached financial close on a dual-tranche USD 820 million syndicated lending facility to Chartered Silicon Partners Pte., Ltd, a Singapore-based company. The facility is comprised of two tranches, both with a 72-month maturity: Tranche A, a USD 680 million term loan and Tranche B, a USD 140 million term loan. Other lending details, including interest rates, are unknown. Proceeds from the facility will be used for unknown corporate purposes. The breakdown of the tranches is as follows: 1) Tranche A: a USD 680 million term loan, which was joined by the following banks (with $USD contributions following): Citibank, N.A. ($100 million), Overseas Union Bank, Ltd. ($83 million), ABN AMRO Bank N.V. ($67 million), ICBC ($66 million), Commerzbank ($50 million), Danske Bank ($50 million), Sumitomo Bank, Ltd. ($50 million), Bank of Tokyo-Mitsubishi ($33 million), HSBC ($33 million), Industrial Bank of Japan, Ltd. ($33 million), Norinchukin Bank ($33 million), Sanwa Bank, Ltd. ($33 million), Credit Lyonnais ($25 million), Bayerische Landesbank ($16 million), and Westdeutsche Landesbank ($8 million). ICBC's USD 66 million contribution to Tranche A is captured via Record ID#101892. 2) Tranche B: a USD 140 million term loan, which was joined by the following banks (with $USD contributions following): Citibank, N.A. ($20 million), Overseas Union Bank, Ltd. ($17 million), ABN AMRO Bank N.V. ($14 million), ICBC ($14 million), Commerzbank ($10 million), Danske Bank ($10 million), Sumitomo Bank, Ltd. ($10 million), Bank of Tokyo-Mitsubishi ($7 million), HSBC ($7 million), Industrial Bank of Japan, Ltd. ($7 million), Norinchukin Bank ($7 million), Sanwa Bank, Ltd. ($7 million), Credit Lyonnais ($5 million), Bayerische Landesbank ($3 million), and Westdeutsche Landesbank ($2 million). ICBC's USD 14 million contribution to Tranche B is captured via Record ID#101893.