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Overview

Bank of China contributes ¥750 million JPY to the ¥10 billion JPY two-year tranche of a ¥20 billion JPY syndicated loan to Hana Bank for unspecified purposes

Commitments (Constant USD, 2023)$12,092,778
Commitment Year•2006Country of Activity•KoreaDirect Recipient Country of Incorporation•KoreaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Mar 21, 2006
Last repayment (originally scheduled)
Mar 20, 2008

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 (BOC)

Cofinancing agencies

Private Sector

  • American Express Bank Ltd
  • Banca di Roma S.p.A.
  • Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)
  • Bank of America Corporation
  • Barclays Corporate and Investment Bank (Formerly Barclays Capital)
  • BMO Financial Group (Bank of Montreal)
  • BNP Paribas S.A.
  • 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
  • Fortis Bank
  • Lloyds Bank plc (formerly Lloyds TSB Bank PLC)
  • Mizuho Corporate Bank, Ltd. (MHCB)
  • Royal Bank of Canada (RBC)
  • Sanpaolo IMI S.p.A.
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • Toronto-Dominion Bank (TD Bank Group)

State-owned Banks

  • Banca Monte dei Paschi di Siena S.p.A. (MPS) (BMPS)
  • Banque et Caisse d'Épargne de l'État (Spuerkeess)
  • Hamburg Commercial Bank (HSOB) (Formerly HSH Nordbank AG)

Receiving agencies

Private Sector

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

Loan description

Bank of China contributes to the JPY ¥10 billion two-year tranche of a JPY ¥20 billion syndicated loan to Hana Bank for unspecified purposes in South Korea in 2006

Interest type•Variable Interest RateMaturity•2 years

Narrative

Full Description

Project narrative

On March 21, 2006, a syndicate of 22 banks — including the Bank of China (BOC) — entered into a ¥20 billion JPY syndicated loan agreement with Hana Bank Co., Ltd. — a South Korean bank headquartered in Seoul — for unspecified purposes. The loan was divided into tranches of ¥10 billion JPY each: a tranche with a maturity period of two years and an interest rate of Yen LIBOR plus a margin of 9 basis points (bps) and a tranche with a maturity period of one year and an interest rate of Yen LIBOR plus a margin of 7 bps and. BOC contributed ¥750 million JPY to the two-year tranche. In addition to BOC, the following lenders contributed the respective amounts to the loan syndicate: Bank of America (¥500 million JPY), Barclays Capital (¥500 million JPY), BNP Paribas S.A. (¥500 million JPY), Calyon (¥500 million JPY), DBS Bank (¥500 million JPY), HSH Nordbank AG (¥500 million JPY), Mizuho Corporate Bank (¥500 million JPY), Sumitomo Mitsui Banking Corporation (SMBC) (¥500 million JPY), DZ Bank AG (¥1.1 billion JPY), Dresdner Bank (¥450 million JPY), Fortis Bank (¥750 million JPY), Banca Monte dei Paschi di Siena S.p.A. (BMPS) (¥750 million JPY), Bank of Montreal (¥750 million JPY), SanPaolo IMI S.p.A. (¥750 million JPY), Banque et Caisse d'Epargne de l'Etat Luxembourg (¥400 million JPY), Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) (¥300 million JPY), American Express Bank (~¥225 million JPY), Royal Bank of Canada (RBC) (~¥225 million JPY), Banca di Roma S.p.A. (~¥200 million JPY), Toronto-Dominion Bank (~¥200 million JPY). BOC did not contribute to the one-year tranche, which the following lenders contributed the respective amounts to: Bank of America (¥750 million JPY), Barclays Capital (¥750 million JPY), BNP Paribas (¥750 million JPY), Calyon (¥750 million JPY), DBS Bank (¥750 million JPY), HSH Nordbank (¥750 million JPY), Mizuho Corporate Bank (¥750 million JPY), SMBC (¥750 million JPY), Lloyds TSB Bank (¥1.15 billion JPY), Dresdner Bank (¥450 million JPY), Banque et Caisse d'Epargne de l'Etat Luxembourg (¥400 million JPY), BBVA (¥300 million JPY), American Express Bank (~¥225 million JPY), RBC (~¥225 million JPY), Banca di Roma (~¥200 million JPY), and Toronto Dominion (~¥200 million JPY), Bank of America, Barclays Capital, BNP Paribas, Calyon, DBS, HSH Nordbank, Mizuho Corporate Bank, and SMBC served as mandated lead arrangers. Lloyds, DZ Bank, Dresdner, Fortis, BMPS, BOC, Bank of Montreal, and Sanpaolo IMI joined as arrangers. Banque et Caisse d'Epargne de l'Etat, BBVA, American Express Bank, RBC, Banca di Roma, and TD Bank joined as co-arrangers.