Bank of China (Bangkok) contributes $8 million to syndicated loan for Banpu Public for general corporate purposes

Project narrative

On September 25, 2006, Bank of China (Bangkok) contributed $8 million to a $70 million syndicated loan agreement with Banpu Public for general corporate purposes. The facility featured a 3-year maturity and an interest margin of 42.5 basis points over LIBOR (London Interbank Offered Rate). The financing for Banpu Public was increased from $50 million to $70 million due to overwhelming demand from lenders during the general syndication process. Mizuho Corporate Bank, the sole bookrunner and mandated lead arranger, committed $22.8 million to the syndicated loan. Bank of Tokyo-Mitsubishi UFJ, co-arranger, lent $15.2 million. RHB Bank (Bangkok), lead arranger, lent $10 million, with each lead arranger getting a top-level all-in of 53 basis points over LIBOR. Bank of China (Bangkok) and DZ Bank (Singapore) contributed $8 million and $7 million each, with Arrangers First Commercial Bank and Land Bank of Taiwan pledged $2.5 million apiece, and Chang Hwa Commercial Bank (Singapore) came in with a commitment of $2 million, receiving an all-in of 51.7 basis points over LIBOR.