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Overview

Bank of China contributes $15 million USD to $325 million syndicated loan for Energizer Asia Investments to support regional operations in 2005

Commitments (Constant USD, 2023)$30,064,958
Commitment Year•2005Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 1, 2005

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

  • Bank of America, N.A.
  • Bank of East Asia Limited (BEA)
  • Bank of Nova Scotia (Scotiabank)
  • Coöperatieve Rabobank U.A. (Rabobank)
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • DBS Bank Ltd.
  • J.P. Morgan Limited (formerly J.P. Morgan Plc)
  • Malayan Banking Berhad (Maybank)
  • Mizuho Corporate Bank, Ltd. (MHCB)
  • MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
  • Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
  • Sanpaolo IMI S.p.A.
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • Westpac Banking Corporation

State-owned Banks

  • Norddeutsche Landesbank Girozentrale (NORD/LB)

Receiving agencies

Private Sector

  • Energizer Asia Investments Pte Ltd. Singapore

Loan description

Bank of China contributes to USD 325 million syndicated loan to Energizer Asia Investments for regional operations support in 2005

Interest type•Unknown

Narrative

Full Description

Project narrative

In August 2005, Financial close was reached on a deal in which a syndicate of 18 banks — including Bank of China — entered into a $325 million USD syndicated loan agreement with Energizer Asia Investments Pte. Ltd., a Singaporean wholly-owned subsidiary of American-based Energizer Holdings, Inc. The proceeds were used to support the company's regional operations. While Bank of China contributed $15 million USD as a co-arranger, other banks also contributed: Standard Chartered Bank, as a mandated lead arranger, contributed $35 million USD, and Citigroup took $25 million USD. Lead arrangers Bank of Tokyo-Mitsubishi, Mizuho Corporate Bank, NordLB, Oversea-Chinese Banking Corp, and Sumitomo Mitsui Banking Corp each committed $20 million USD. Bank of Nova Scotia, Calyon, DBS Bank, and Westpac Banking Corp each contributed $17.5 million USD. Co-arrangers Bank of America, Bank of East Asia, JP Morgan, and Sanpaolo IMI lent $15 million USD each, while Maybank and Rabobank provided $10 million USD apiece.