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Overview

ICBC contributes to a 15 billion JPY syndicated loan for Krungthai Card (linked to Record ID#104745)

Commitments (Constant USD, 2023)$21,986,868
Commitment Year•2006Country of Activity•ThailandDirect Recipient Country of Incorporation•ThailandSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Mar 6, 2006
Last repayment (originally scheduled)
Mar 5, 2009

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 Corporate and Investment Bank (Formerly Barclays Capital)
  • Chang Hwa Commercial Bank Limited
  • E.SUN Commercial Bank, Ltd.
  • International Commercial Bank of China
  • Mizuho Corporate Bank, Ltd. (MHCB)
  • Norinchukin Bank (Nochu Bank)
  • Sumitomo Trust & Banking Co
  • The Bank of Tokyo-Mitsubishi, Ltd. (BTM)

State-owned Banks

  • Bank of Taiwan

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Private Sector

  • Krungthai Bank PCL

Loan description

ICBC and Bank of China (Bangkok) contributions to 15 billion JPY syndicated loan for Krungthai Card

Grant element•12.0467%Interest rate (t₀)•0.665%Interest type•Variable Interest RateMaturity•3 years

Narrative

Full Description

Project narrative

On March 6 2006, a 15 billion JPY three-year syndicated loan was signed for Krungthai Card. The bullet loan offers a margin of 57.5bp over yen Libor. Nine banks have joined sole book-runner Barclays Capital on the deal. Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank joined in sub-underwriting as mandated lead arrangers. Bank of China (Bangkok) (recorded in Record ID#104745), Bank of Taiwan, Chang Hwa Commercial Bank, E Sun Commercial Bank, International Commercial Bank of China, Industrial & Commercial Bank of China (recorded in this project), and Norinchukin Bank and Sumitomo Trust & Banking have also committed to the deal. Arrangers joining with yen1.15bn and above earn fees of 22.5bp, while co-arrangers will take 18bp for yen900m to yen1.149bn. Banks committing yen600m to yen899m will earn 13.5bp and the title of senior manager.

Staff comments

1. Aiddata has estimated the total amount by assuming each known financer contributed equally to the loan. 2. Aiddata calculated the interest rate by taking the 6-month Yen LIBOR rate on March 6 2006 (0.09%) and adding a margin of 57.5 bp (0.575%) to equal 0.665%.