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Overview

Bank of China contributes $8 million USD to a $100 million USD two-year tranche of a $200 million USD syndicated loan to Hana Bank for unspecified purposes

Commitments (Constant USD, 2023)$16,034,644
Commitment Year•2005Country of Activity•KoreaDirect Recipient Country of Incorporation•KoreaOverseas Jurisdiction•Hong Kong (China)Sector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jul 15, 2005
Last repayment (originally scheduled)
Jul 15, 2007

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 (Hong Kong) Limited (BOCHK)

Cofinancing agencies

Private Sector

  • Anglo Irish Bank plc
  • Banca Nazionale del Lavoro S.p.A. (BNP Paribas - BNL)
  • Bank of America Securities Asia Limited
  • Barclays Corporate and Investment Bank (Formerly Barclays Capital)
  • BNP Paribas S.A.
  • Commerz (East Asia) Limited
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • DBS Bank Ltd.
  • Dresdner Bank AG
  • DZ Bank AG
  • MUFG Union Bank, N.A. (formerly Union Bank of California, N.A.)
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • Toronto-Dominion Bank (TD Bank Group)
  • UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.)

State-owned Banks

  • Baden-Württembergische Bank AG (BW-Bank)
  • Banca Monte dei Paschi di Siena S.p.A. (MPS) (BMPS)
  • Hamburg Commercial Bank (HSOB) (Formerly HSH Nordbank AG)
  • Landesbank Baden-Württemberg (LBBW)
  • Norddeutsche Landesbank Girozentrale (NORD/LB)

Receiving agencies

Private Sector

  • Hana Bank Co., Ltd. (formerly KEB Hana Bank)

Loan description

Bank of China contributes to a USD $100 million two-year tranche of a USD $200 million syndicated loan to Hana Bank for unspecified purposes in South Korea in 2005

Interest type•Variable Interest RateMaturity•2 years

Narrative

Full Description

Project narrative

On July 15, 2005, a syndicate of 21 banks — including the Bank of China (Hong Kong) Limited (BOCHK) — entered into a $200 million USD syndicated dual-tranche loan agreement with Hana Bank Co., Ltd. — a South Korean bank headquartered in Seoul — for unspecified purposes. The loan was divided into two $100 million USD tranches, one with a maturity period of two years and an interest rate based on a floating rate plus 14 basis points (bps) and one with a maturity period of one year and an interest rate based on a floating rate plus 8 bps. BOCHK committed $8 million USD to the two-year tranche. In addition to BOC, the following lenders contributed to the two-year tranche: Bank of America Securities Asia Limited ($5 million USD), Barclays Capital ($5 million USD), BNP Paribas S.A. ($5 million USD), Calyon ($5 million USD), Commerz (East Asia) Limited ($5 million USD), DBS Bank ($5 million USD), the Singapore Branch of HSH Nordbank AG ($5 million USD), Sumitomo Mitsui Banking Corporation (SMBC) ($5 million USD), the Hong Kong Branch of DZ Bank AG ($10 million USD), the Singapore Branch of Norddeutsche Landesbank Girozentrale (NORD/LB) ($10 million USD), the Hong Kong Branch of Banca Monte dei Paschi di Siena S.p.A. (BMPS) ($8 million USD), the Singapore Branch of Landesbank Baden-Württemberg (LBBW) ($8 million USD), the Hong Kong Branch of Banca Nazionale del Lavoro S.p.A. (BNL) ($4 million USD), the Seoul Branch of Union Bank of California, N.A. ($4 million USD), Anglo Irish Bank Corporation ($5 million USD), and the Hong Kong Branch of Baden-Württembergische Bank (BW-Bank) ($3 million USD). BOC did not contribute to the one-year tranche, which was provided by the following lenders: Bank of America Securities Asia ($9 million USD), Barclays Capital ($9 million USD), BNP Paribas ($9 million USD), Calyon ($9 million USD), Commerz (East Asia) ($9 million USD), DBS Bank ($9 million USD), the Singapore Branch of HSH Nordbank ($9 million USD), SMBC ($9 million USD), Dresdner Bank AG ($8 million USD), the Hong Kong Branch of BNL ($4 million USD), the Seoul Branch of Union Bank of California ($4 million USD), American Express Bank ($5 million USD), the Hong Kong Branch of UniCredito Italiano S.p.A. ($5 million USD), and Toronto-Dominion Bank (TD Bank) ($2 million USD). The loan facility was substantially oversubscribed but not increased. Bank of America Securities, Barclays Capital, BNP Paribas, Calyon, Commerz (East Asia), DBS Bank, the Singapore Branch of HSH Nordbank, and SMBC served as mandated lead arrangers for both tranches. The Hong Kong Branch of DZ Bank, the Singapore Branch of NORD/LB, the Hong Kong Branch of BMPS, BOCHK, the Hong Kong Branch of BNL, the Singapore Branch of LBBW, and the Seoul Branch of Union Bank of California served as arrangers for the two-year tranche. Anglo Irish Bank Corporation served as co-arranger for the two-year tranche. The Hong Kong Branch of BW-Bank served as senior manager for the two-year tranche. Dresdner Bank, the Hong Kong Branch of BNL, and the Seoul Branch of Union Bank of California served as arrangers for the one-year tranche. American Express Bank and the Hong Kong Branch of UniCredito Italian served as co-arrangers for the one-year tranche. TD Bank served as senior manager for the one-year tranche.