Narrative
Full Description
Project narrative
In or around April 2005, a syndicate of 24 lenders — including the London Branch of the Industrial and Commercial Bank of China (ICBC) — entered into a $200 million USD syndicated loan agreement with Kookmin Bank for unspecified purposes. The facility was divided into two tranches which carried maturity periods of one and three years. In addition to ICBC, the following lenders also contributed to the loan facility: BA Asia, Barclays Capital, Bayerische Landesbank (BayernLB), DBS Bank, Hamburg Commercial Bank (HSOB) (formerly HSH Nordbank) (Singapore), ING Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corp (SMBC), DZ Bank (Hong Kong), Shinkin Central Bank (Hong Kong), Landesbank Rheinland-Pfalz, Norddeutsche Landesbank Girozentrale (NORD/LB) (Singapore), Banca Nazionale del Lavoro (Hong Kong), Deutsche Bank, Dresdner Bank, Landesbank Baden-Württemberg (LBBW), Union Bank of California (presently MUFG Union Bank, N.A.), Wachovia Bank, Banco Popolare di Verona e Novara, Baden-Württembergische Bank (BW-Bank), Banca Monte dei Paschi di Siena, Anglo Irish Bank Corp, and Toronto-Dominion Bank.
Staff comments
1. The individual contributions of the six lenders to this $200 million USD syndicated facility are unknown. Therefore, for the time being, to estimate ICBC's contribution, AidData has assumed each lender contributed equally ($8333333.334 USD) to the full face value of the loan. 2. It is unclear whether ICBC contributed to each tranche. For the time being, AidData has assumed it had, but taken the average of the maturity periods of the tranches {[(1 + 3) / 2] = 2 years) coded it as the maturity period of this record.