ICBC contributes $10 million SGD to $666 million SGD to Times Properties in 2005 for unknown purposes (Linked to Record ID#105007 and #105006)

Project narrative

On June 6, 2005, financial close was reached on a deal in which a syndicate of 11 banks — including Agricultural Bank of China, Bank of China, and ICBC — entered into a $666 million SGD syndicated loan agreement with Times Properties. The loan has a maturity of one year. The proceeds were used for unknown purposes. While Agricultural Bank of China (Record ID#105006), Bank of China (Record ID#105007), and ICBC (Record ID#105008) each contributed $10 million SGD as senior managers, other banks also contributed: DBS Bank, as a mandated arranger, held $501 million SGD. Lead managers Arab Bank, Credit Industriel et Commercial (Singapore), UFJ Bank (Singapore), and United Overseas Bank each committed $20 million SGD. Bank of East Asia (Singapore), Bank of Tokyo-Mitsubishi, and Maybank each provided $15 million SGD. Mizuho Corporate Bank (Singapore) also contributed $10 million SGD as a senior manager.