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Overview

Bank of China contributes to a $250 million USD syndicated loan to Kookmin Bank for unspecified purposes

Commitments (Constant USD, 2023)$18,765,161
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
Sep 1, 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

  • American Express Bank Ltd
  • Bank of America, N.A.
  • Barclays Bank PLC
  • 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.
  • Deutsche Bank AG
  • KBC Bank N.V.
  • Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
  • Standard Chartered Bank PLC
  • Toronto-Dominion Bank (TD Bank Group)
  • Wachovia Bank, N.A.

State-owned Banks

  • Banque et Caisse d'Épargne de l'État (Spuerkeess)
  • Bayerische Landesbank (BayernLB)
  • Caixa Geral de Depósitos, S.A.
  • Landesbank Baden-Württemberg (LBBW)

Receiving agencies

Private Sector

  • KB Kookmin Bank

Loan description

Bank of China contributes to a USD $250 million syndicated loan to Kookmin Bank for unspecified purposes in South Korea in 2006

Interest type•UnknownMaturity•2.5 years

Narrative

Full Description

Project narrative

In or around September 2006, a syndicate of 18 lenders — including Bank of China (BOC) — entered into a $250 million USD syndicated loan agreement with Kookmin Bank for unspecified purposes. The loan was split into two tranches which carried maturity periods of two and three years. BOC contributed $10 million USD to the loan syndicate. In addition to BOC, the following lenders contributed the following amounts and played the following applicable roles in the syndicate: Bank of America (mandated lead arranger, $18.5 million USD); Barclays Capital (mandated lead arranger, $18.5 million USD); BNP Paribas SA (mandated lead arranger, $18.5 million USD); Calyon (now Crédit Agricole CIB) (mandated lead arranger, $18.5 million USD); Citigroup (mandated lead arranger, $18.5 million USD); DBS Bank (mandated lead arranger, $18.5 million USD); Landesbank Baden-Württemberg (LBBW) (mandated lead arranger, $18.5 million USD); Standard Chartered Bank PLC (mandated lead arranger, $18.5 million USD); Wachovia Bank, N.A. (mandated lead arranger, $18.5 million USD); Bayerische Landesbank (BayernLB) (lead arranger, $18 million USD); KBC Bank (lead arranger, $18 million USD); Banque et Caisse d'Épargne de l'État ($10 million USD); Caixa Geral de Depósitos ($10 million USD); American Express Bank Ltd (arranger, $5 million USD); Deutsche Bank AG (arranger, $5 million USD); Oversea-Chinese Banking Corporation, Limited (OCBC Bank) (arranger, $5 million USD); and Toronto-Dominion Bank ($2 million USD).

Staff comments

1. It is unclear whether BOC contributed to each tranche. For the time being, AidData has assumed it had, but taken the average of the maturity periods of the tranches {[(2 + 3) / 2] = 2.5 years) coded it as the maturity period of this record.