Skip to content
AidData logo

Overview

ICBC contributes $50 million to $375 million syndicated term loan for Government of Malaysia for unspecified purposes (Linked to Record ID#104668)

Commitments (Constant USD, 2023)$112,501,746
Commitment Year•2003Country of Activity•MalaysiaDirect Recipient Country of Incorporation•MalaysiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Mar 24, 2003

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

  • Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Private Sector

  • Barclays Bank PLC
  • Citigroup Inc.
  • Malayan Banking Berhad (Maybank)
  • Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
  • Standard Chartered Bank PLC
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • United Overseas Bank Limited (UOB)

State-owned Commercial Banks

  • Bank of China (Hong Kong) Limited (BOCHK)

Receiving agencies

Government Agencies

  • Government of Malaysia

Loan description

In 2003, ICBC and Bank of China (Hong Kong) contribute to USD 375 million syndicated term loan for the Government of Malaysia

Interest type•Unknown

Narrative

Full Description

Project narrative

On or around March 24, 2003, the Government of Malaysia signed a $375 million term loan agreement for unspecified purposes with a syndicate of banks. The loan was arranged by Barclays Capital, Citigroup/SSB, Maybank, Standard Chartered and Sumitomo Mitsui Banking Corp. United Overseas Bank contributed $100 million, while OCBC contributed $80 million, Bank of China (Hong Kong) contributed $50 million, and ICBC contributed $50 million. Bank of China (Hong Kong)'s contribution is captured via Record ID#104668 and ICBC's contribution is captured via Record ID#104669. The borrowing terms of the loan are unknown.

Staff comments

1. What this loan will be used for was not found.