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Overview

Bank of China contributes $5.5 million to a $100 million syndicated loan to Thai Union Frozen Products for unspecified purposes

Commitments (Constant USD, 2023)$10,320,839
Commitment Year•2006Country of Activity•ThailandDirect Recipient Country of Incorporation•ThailandOverseas Jurisdiction•ThailandSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Mar 1, 2006
Last repayment (originally scheduled)
Feb 28, 2011

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 (Thai) Public Company Limited

Cofinancing agencies

Private Sector

  • Bank of Nova Scotia (Scotiabank)
  • BNP Paribas S.A.
  • Coöperatieve Rabobank U.A. (Rabobank)
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • Mizuho Corporate Bank, Ltd. (MHCB)
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • Sumitomo Trust & Banking Co

Receiving agencies

Private Sector

  • Thai Union Frozen Products PCL

Loan description

Bank of China contributions to USD 100 million syndicated loan to Thai Union Frozen Products for unspecified purposes

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

In early March 2006, a syndicate of eight banks — including the Bank of China (Bangkok) — entered into a $100 million term loan agreement with Thai Union Frozen Products — a Thailand-based publicly traded company focused on producing and exporting frozen and canned seafood — for unspecified purposes. This loan carried a maturity period of five years. Bank of China (Bangkok) joined in on the loan as a manager contributing $5.5 million. Other lenders Calyon ($16 million), Bank of Nova Scotia ($15 million), BNP Paribas ($15 million), Mizuho Corporate Bank ($15 million), and Rabobank ($15 million), acted as mandated lead arrangers. Additionally, Sumitomo Mitsui Banking Corporation ($9.5 million) and Sumitomo Trust & Banking ($8 million) served as arrangers for the agreement, making for a total of eight contributors.