Overview

Bank of China contributes $2 million USD to $135 million USD syndicated revolver loan for Thai Olefins for refinancing purposes

Commitments (Constant USD, 2023)$4,008,661

Commitment Year•2005Country of Activity•ThailandDirect Recipient Country of Incorporation•ThailandSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 21, 2005

Last repayment (originally scheduled): Sep 20, 2010

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

Bank of East Asia Limited (BEA)
Chang Hwa Commercial Bank Limited
Chiao Tung Bank Company Ltd.
Coöperatieve Rabobank U.A. (Rabobank)
DBS Bank Ltd.
DZ Bank AG
E.SUN Commercial Bank, Ltd.
First Commercial Bank Limited
Hua Nan Commercial Bank, Ltd. (HNCB)
International Commercial Bank of China
Mizuho Corporate Bank, Ltd. (MHCB)
Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
Sumitomo Trust & Banking Co
The Bank of Tokyo-Mitsubishi, Ltd. (BTM)
The Shanghai Commercial & Savings Bank, Ltd. (SCSB)

State-owned Banks

Export-Import Bank of the Republic of China, Taipei
Land Bank of Taiwan Co., Ltd. (LBOT)

Receiving agencies

Private Sector

Thai Olefins Public Company Limited

Loan description

BOC contributions to USD 135 million syndicated revolver loan to Thai Olefins for refinancing

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

On September 21, 2005, Thai Olefins Public Company Limited signed a $135 million USD five-year syndicated bullet revolver loan with a syndicate of lenders. Mandated lead arrangers Mizuho Corporate Bank provided $20m and DBS Bank pledged $15m. Lead arrangers Rabobank International held $12m while Bank of Tokyo-Mitsubishi, Oversea-Chinese Banking Corp and Sumitomo Trust & Banking took $10m each. Arrangers Chang Hwa Commercial Bank lent $8m. Bank of East Asia, Chiao Tung Bank, DZ Bank, E Sun Commercial Bank, Export-Import Bank of the Republic of China, First Commercial Bank, International Commercial Bank of China, Land Bank of Taiwan and Shanghai Commercial & Savings Bank committed $5m apiece. Hua Nan Commercial Bank absorbed $3m and the Bank of China contributed $2m. Proceeds were to be used for refinancing.