Overview

Bank of China contributes €8 million EUR to a €200 million EUR loan to National Agricultural Cooperative Federation for unspecified purposes

Commitments (Constant USD, 2023)$18,832,463

Commitment Year•2006Country of Activity•KoreaDirect Recipient Country of Incorporation•KoreaSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 15, 2006

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

ABN AMRO Bank NV
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)
Barclays Corporate and Investment Bank (Formerly Barclays Capital)
BNP Paribas S.A.
Citigroup Inc.
Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
DBS Bank Ltd.
Fortis Bank
Standard Chartered Bank PLC
Sumitomo Mitsui Banking Corporation (SMBC)
Toronto-Dominion Bank (TD Bank Group)
Wachovia Bank, N.A.

State-owned Banks

Banca Monte dei Paschi di Siena S.p.A. (MPS) (BMPS)
Bayerische Landesbank (BayernLB)

Receiving agencies

Private Sector

National Agricultural Cooperative Federation (NH) (NACF)

Loan description

Bank of China contributes to an EUR €200 million loan to South Korean National Agricultural Cooperative Federation for unspecified purposes in 2006

Interest type•UnknownMaturity•2 years

Narrative

Full Description

Project narrative

On September 15, 2006, a syndicate of 15 lenders — including Bank of China (BOC) — signed a €200 million EUR loan agreement with the National Agricultural Cooperative Federation — South Korean cooperative for the agricultural sector — for unspecified purposes. The loan facility carried a maturity period of two years. BOC acted as an arranger and contributed €8 million EUR to the €200 million EUR facility. In addition to BOC, the following lenders played the following roles and contributed these amounts: ABN AMRO Bank (mandated lead arranger, €17.67 million EUR); Banca Monte dei Paschi di Siena (lead manager, €2 million EUR); Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) (lead arranger, €10 million EUR); Barclays Capital (now Barclays Corporate and Investment Bank) (mandated lead arranger, €17.67 million EUR); Bayerische Landesbank (BayernLB) (mandated lead arranger, €17.67 million EUR); BNP Paribas (mandated lead arranger, €17.67 million EUR); Calyon (now Crédit Agricole Corporate and Investment Bank) (mandated lead arranger, €17.67 million EUR); Citigroup (mandated lead arranger, €17.67 million EUR); DBS Bank (mandated lead arranger, €17.67 million EUR); Fortis Bank (lead arranger, €10 million EUR); Standard Chartered Bank (mandated lead arranger, €17.67 million EUR); Sumitomo Mitsui Banking Corporation (SMBC) (mandated lead arranger, €17.67 million EUR); Toronto-Dominion Bank (lead manager, €1 million EUR); and Wachovia Bank (lead arranger, €10 million EUR).