Overview

China Construction Bank (Seoul Branch) contributes $3 million USD to a $60 million USD syndicated loan to Pusan Bank for unspecified purposes

Commitments (Constant USD, 2023)$6,311,209

Commitment Year•2004Country of Activity•KoreaDirect Recipient Country of Incorporation•KoreaOverseas Jurisdiction•KoreaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 29, 2004

Last repayment (originally scheduled): Apr 29, 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

China Construction Bank Corporation (CCB)

Cofinancing agencies

Private Sector

Chang Hwa Commercial Bank Limited
CTBC Bank (formerly Chinatrust Commercial Bank)
Dresdner Bank AG
DZ Bank AG
First Commercial Bank Limited
Hua Nan Commercial Bank, Ltd. (HNCB)
Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
Raiffeisen Zentralbank Österreich A.G. (RZB)
Standard Chartered Bank PLC
The Shanghai Commercial & Savings Bank, Ltd. (SCSB)

State-owned Banks

Baden-Württembergische Bank AG (BW-Bank)
Bayerische Landesbank (BayernLB)
Export-Import Bank of the Republic of China, Taipei

Receiving agencies

Private Sector

Busan Bank (formerly Pusan Bank)

Loan description

China Construction Bank (Seoul Branch) contributes to a USD $60 million syndicated loan to Pusan Bank for unspecified purposes in South Korea in 2004

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

On April 29 2004, a syndicate of 14 lenders — including the Seoul Branch of the China Construction Bank (CCB) — entered into a a $60 million USD syndicated loan to Pusan Bank (now Busan Bank) for unspecified purposes. The facility carried a maturity period of three years. CCB (Seoul) acted as a senior manager and contributed $3 million USD to the facility. In addition to CCB, the following lenders played the followed roles and contributed these amounts to the facility: Standard Chartered Bank (arranger, $7 million USD); Bayerische Landesbank (BayernLB) (co-arranger, $6 million USD); Chinatrust Commercial Bank (now CTBC Bank) (co-arranger, $6 million USD); DZ Bank (Hong Kong) (co-arranger, $6 million USD); First Commercial Bank (co-arranger, $6 million USD); Raiffeisen Zentralbank Österreich (RZB) (co-arranger, $6 million USD); Baden-Wurttembergische Bank (BW-Bank) (Hong Kong) (lead manager, $3.5 million USD); Chang Hwa Commercial Bank (lead manager, $3.5 million USD); Hua Nan Commercial Bank (lead manager, $3.5 million USD); Oversea-Chinese Banking Corporation (lead manager, $3.5 million USD); Dresdner Bank (senior manager, $2 million USD); Export-Import Bank of the Republic of China (senior manager, $2 million USD); and Shanghai Commercial & Savings Bank (senior manager, $2 million USD).