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Overview

Bank of China contributes to a $200 million USD syndicated loan to Hana Bank for unspecified purposes

Commitments (Constant USD, 2023)$53,614,746
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
Jun 27, 2006
Last repayment (originally scheduled)
Jun 27, 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 (BOC)

Cofinancing agencies

Private Sector

  • Banco Popolare di Verona e Novara
  • Lloyds Bank plc (formerly Lloyds TSB Bank PLC)
  • Standard Chartered Bank PLC
  • United Overseas Bank Limited (UOB)

State-owned Banks

  • Banco Nacional Ultramarino S.A. (BNU)
  • Banque et Caisse d'Épargne de l'État (Spuerkeess)

Receiving agencies

Private Sector

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

Loan description

Bank of China contributes to a USD $200 million syndicated loan to Hana Bank for unspecified purposes in South Korea in 2006

Interest type•UnknownMaturity•1 years

Narrative

Full Description

Project narrative

On June 27, 2006, a syndicate of seven banks — including the Bank of China (BOC) — signed a $200 million USD syndicated loan agreement with Hana Bank Co., Ltd. — a South Korean bank headquartered in Seoul — for unspecified purposes. The loan carried a maturity period of one year. Standard Chartered Bank served as the original mandated lead arranger. BOC, Lloyds TSB Bank, and United Overseas Bank Limited (UOB) joined as mandated lead arrangers. Banco Nacional Ultramarino S.A. (BNU), Banco Popolare di Verona e Novara, and Banque et Caisse d'Epargne de l'Etat Luxembourg joined as arrangers. It was expected that other lenders may sign onto the loan after they processed credit approvals.

Staff comments

1. The individual contributions of the seven lenders to the $200 million USD syndicated loan are unknown. For the time being, AidData has estimated BOC's contribution by assuming each lender contributed equally ($28,571,428.5714 USD) to the loan syndicate.