China Bank of Communications contributes $16 million AUD to $362 million AUD syndicated loan to CapitaLand for general corporate purposes in 2006 (Linked to Record ID#104998)

Project narrative

On January 20, 2006, financial close was reached on a deal in which a syndicate of banks — including Bank of China and Bank of Communications — entered into a $362 million AUD syndicated loan agreement with CapitaLand, a Singapore-based real estate company. Although denominated in Australian dollars, the financing was arranged in Singapore and sold to both Australian and international institutions. The loan has a maturity of five years. The proceeds were used for general corporate purposes. Bank of China contributed $25 million AUD as a co-arranger (Record ID#104998), while Bank of Communications participated with $16 million AUD (#104999). BNP Paribas, Royal Bank of Scotland, and Standard Chartered, as mandated arrangers, each contributed $50 million AUD. Bank of Tokyo Mitsubishi (through its Singapore branch) contributed $40 million AUD as an arranger. Commonwealth Bank of Australia, National Australia Bank, and WestLB each contributed $35 million AUD. Mizuho Corporate Bank contributed $16 million AUD, and International Commercial Bank of China (Singapore) participated with $10 million AUD.