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Overview

Bank of China contributes Bt 200 million to the Bt 4 billion tranche of a $177 million USD-equivalent multicurrency syndicated term loan to Total Access Communication

Commitments (Constant USD, 2023)$9,957,331
Commitment Year•2005Country of Activity•ThailandDirect Recipient Country of Incorporation•ThailandSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 18, 2005
Last repayment (originally scheduled)
Nov 18, 2007

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Cofinancing agencies

Private Sector

  • BNP Paribas S.A.
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • Mizuho Corporate Bank, Ltd. (MHCB)
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • The Bank of Tokyo-Mitsubishi, Ltd. (BTM)

Receiving agencies

Private Sector

  • Total Access Communication (DTAC)

Loan description

BOC contributions to USD 177 million dual-tranche syndicated loan to Total Access Communication

Interest type•UnknownMaturity•2 years

Narrative

Full Description

Project narrative

On November 18 2005, a syndicate of lenders — including the Bank of Chine (BOC) — signed a 177 million USD-equivalent multicurrency term loan agreement with Total Access Communication. This syndicated loan was split into two tranches. BOC contributed to the two-year Bt 4 billion tranche. Bank of China joined as a co-arranger with Bt 200 million. In addition to BOC, Bank of Tokyo-Mitsubishi committed Bt 1 billion and acted as the mandated lead arranger; Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp each provided Bt 800 million; and BNP Paribas and Calyon held Bt 600 million apiece. Not recorded in this project but worth noting, the yen 9.515 billion seven-year portion was increased from yen 8.7 billion. Mandated arrangers BNP Paribas gave yen 1.265 billion, Sumitomo Mitsui Banking Corp took yen 1.5 billion and Calyon lent yen 1.15 billion. Arrangers Royal Bank of Scotland pledged yen 1.5 billion, while Export Development Canada and Rabobank International each absorbed yen 1.15 billion. Co-arrangers Hua Nan Commercial Bank, Maybank and United Taiwan Bank held yen 600 million apiece.