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Overview

China Construction Bank Corporation (CCB) contributes to SGD 850 million syndicated loan to Parkway Holdings Ltd for hospital construction

Commitments (Constant USD, 2023)$65,092,949
Commitment Year•2008Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeOverseas Jurisdiction•SingaporeSector•HealthFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jul 31, 2008
Last repayment (originally scheduled)
Jul 30, 2013

Stakeholders

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

Funding agencies

State-owned Commercial Banks

  • China Construction Bank Corporation (CCB)

Cofinancing agencies

Private Sector

  • Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)
  • Bank of East Asia Limited (BEA)
  • Commonwealth Bank of Australia (CBA) (CommBank)
  • DZ Bank AG
  • Korea Exchange Bank (KEB)
  • Maybank International (L) Limited
  • MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
  • Natixis
  • RHB Bank Berhad

State-owned Banks

  • CIMB Bank PLC
  • Norddeutsche Landesbank Girozentrale (NORD/LB)
  • State Bank of India (SBI)

Receiving agencies

Private Sector

  • Parkway Holdings Ltd

Loan description

China Construction Bank contributions to SGD 850 million 2008 syndicated loan for Parkway Holdings hospital construction

Interest rate (t₀)•2.8125%Interest type•Variable Interest RateMaturity•5 years

Narrative

Full Description

Project narrative

On July 31, 2008 a group of banks — including the China Construction Bank Corporation (CCB) Singapore branch— reached financial close on a SGD 850 million syndicated loan to Parkway Holdings Ltd, a Singapore-based healthcare services company. This loan carried a maturity of five years and was split into two tranches: a SGD 560 tranche used for land acquisition and a SDG 260 million construction loan for a new hospital. The margin was priced at 200bp over SOR. Syndication saw a total of 13 commitments. CIMB Bank and Natixis (Singapore) joined in as equal status mandated lead arrangers. Bank of Tokyo-Mitsubishi UFJ and Commonwealth Bank of Australia (Singapore) served as lead arrangers. China Construction Bank (Singapore), DZ Bank (Singapore), Maybank, and NordLB (Singapore) joined in as arrangers. Banco Bilbao Vizcaya Argentaria (Singapore), Bank of East Asia, Korea Exchange Bank (Singapore), RHB Bank and State Bank of India (Singapore) served as lead managers.

Staff comments

1. AidData estimates the interest by taking the 6-month average SIBOR at the time of commitment (0.8125%) plus the applicable margin (2%) equal to 2.8125%. 2. The exact size of BOC contribution is unknown. For the time being, AidData assumes that all 13 members of the lending syndicate contributed equally (SGD 65,384615.4) to the SGD 850 million syndicated loan.