Narrative
Full Description
Project narrative
On December 3, 2004, a syndicate of 17 banks — including the Bank of China (BOC) — entered into a $150 million USD syndicated transferable term loan agreement with Hana Bank Co., Ltd. — a South Korean bank headquartered in Seoul — for unspecified purposes. The loan carried a maturity period of 364 days and an interest rate based on LIBOR plus a margin of 10 basis points (bps). BOC committed $10 million USD to the loan syndicate. In addition to BOC, the following lenders contributed to the loan syndicate: BA Asia Limited ($10 million USD), Citigroup ($10 million USD), DBS Bank ($10 million USD), Dresdner Bank AG ($10 million USD), HSBC ($10 million USD), Landesbank Baden-Württemberg (LBBW) ($10 million USD), Mizuho Corporate Asia (H.K.) Limited ($10 million USD), Standard Chartered Bank PLC ($10 million USD), Sumitomo Mitsui Banking Corporation (SMBC) ($10 million USD), Banca Nazionale del Lavoro S.p.A. (BNL) ($10 million USD), ING Bank N.V. ($10 million USD), Royal Bank of Scotland (RBS) ($10 million USD), Sanpaolo IMI S.p.A. ($10 million USD), American Express Bank Ltd ($5 million USD), Banca di Roma S.p.A. ($3 million USD), and Toronto-Dominion Bank (TD Bank) ($2 million USD). BA Asia, Citigroup, DBS, Dresdner, HSBC, LBBW, Mizuho Corporate Asia, Standard Chartered Bank, and SMBC served as mandated lead arrangers. BNL, BOC, ING Bank, RBS, and Sanpaolo served as arrangers. American Express Bank served as co-arranger. Banca di Roma and TD Bank served as lead managers