ICBC contributes SGD 14 million to SGD 500 million syndicated lending facility to Parkway Holdings for unspecified corporate purposes (linked to Record ID#103624, #103627)

Project narrative

In August 2006, a syndicate of banks -- including Bank of China, ICBC, and Bank of Communications -- signed an agreement to provide a SGD 500 million syndicated lending facility to Parkway Holdings. Proceeds from the facility are to be used for unspecified corporate purposes. The facility was upsized from an original value of SGD 400 million in syndication, resulting from a positive response to the facility. Standard Chartered Bank served as the sole mandated lead arranger, contributing SGD 50 million. Six banks served as lead arrangers, with NordLB contributing SGD 70 million, Commonwealth Bank of Australia contributing SGD 50 million, Landesbank and SMBC contributing SGD 49 million each, and ABN Amro and Royal Bank of Scotland contributing SGD 45 million each. Three arrangers joined, each contributing SGD 28 million: Bank of China, Bank of East Asia, and Maybank. Lead managers included BBVA, ICBC, Rabobank, which each contributed SGD 14 million, with Chang Hwa Commercial Bank contributing SGD 9 million and Bank of Communications contributing SGD 7 million. Bank of China's SGD 28 million contribution is captured via Record ID#103624. ICBC's SGD 14 million contribution is captured via Record ID#103626. Bank of Communications SGD 7 million contribution is captured via Record ID#103627.