Overview

Bank of China contributes $13 million SGD to $220 million SGD syndicated loan to Keppel Land for refinancing purposes

Commitments (Constant USD, 2023)$15,654,584

Commitment Year•2005Country 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: Mar 18, 2005

Last repayment (originally scheduled): Mar 17, 2010

Geospatial footprint

Map overview

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The purpose of this project was for Bank of China to contribute $13 million SGD to $220 million SGD syndicated loan to Keppel Land for refinancing purposes. More detailed locational information can be found at: https://www.openstreetmap.org/way/47418846

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)
BNP Paribas S.A.
Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
Malayan Banking Berhad (Maybank)
United Overseas Bank Limited (UOB)

Receiving agencies

Private Sector

Keppel Land Ltd.

Loan description

Bank of China contributes to SGD 220 million syndicated loan to Keppel Land for refinancing purposes in 2005

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

On March 18, 2005, financial close was reached on a deal in which a syndicate of 6 banks — including Bank of China (BOC) — entered into a $220 million SGD syndicated loan for refinancing purposes. The maturity is 5 years. While BOC contributed $13 million SGD, BNP Paribas, Calyon (now known as Crédit Agricole Corporate and Investment Bank), United Overseas Bank, Malayan Banking and Bank of East Asia also contributed to this loan.

Staff comments

1. Keppel is a Singaporean global asset managing company with strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity. Headquartered in Singapore, Keppel operates in more than 20 countries worldwide.