Overview

Bank of China contributes to SGD 695 million syndicated multi-tranche lending facility to Taraville Pte. for debt refinancing and general corporate purposes

Commitments (Constant USD, 2023)$287,161,942

Commitment Year•2013Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 1, 2013

Last repayment (originally scheduled): Jan 29, 2019

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of this project was for the Bank of China to contribute SGD 695 million syndicated multi-tranche lending facility to Taraville Pte. for debt refinancing and general corporate purposes. More detailed locational information can be found at: https://www.openstreetmap.org/way/182843544

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 (BOC)

Cofinancing agencies

Private Sector

Oversea-Chinese Banking Corporation, Limited (OCBC Bank)

Receiving agencies

Private Sector

Taraville Pte. Ltd.

Loan description

Bank of China contributions to SGD 695 million 2013 syndicated multi-tranche loan for Taraville debt refinancing and general corporate purposes

Interest type•UnknownMaturity•5.5 years

Narrative

Full Description

Project narrative

In August 2013, OCBC and Bank of China signed an agreement to provide a SGD 695 million syndicated lending facility to Taraville Pte., a Singapore-baed company. Proceeds from the facility will be used for debt refinancing and general corporate purposes. The facility has a maturity of 5.5 years, with an unknown interest rate. Additionally, the facility has two tranches: a SGD 535 million term loan and a SGD 160 million revolving credit facility. OCBC served as the sole bookrunner, with Bank of China joining the facility as the sole participant during syndication.

Staff comments

1. AidData is unable to ascertain whether Bank of China contributed to both tranches, therefore a single project record has been created capturing the larger facility. Similarly, it has been assumed that each lender contributed equally to the facility (695/2).