Narrative
Full Description
Project narrative
In or around July 2022, a syndicate of 12 lenders — including the Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China (ABC) — entered into a $650 million USD syndicated loan agreement with Kookmin Bank for unspecified purposes. The facility carried a maturity period of five years and a variable interest rate of 94 basis points (bps) over three-month term SOFR. The facility was launched at $500 million USD with a greenshoe option in syndication to increase the face value up to $300 million USD more, which was only partially filled. The Hong Kong Branch of ICBC contributed $100 million USD to the facility (captured by Record ID#109380), and the New York Branch of ABC contributed $50 million USD (captured by Record ID#109431). Bookook Securities acted as sole mandated lead arranger and bookrunner on the facility but did not take a portion of the loan. In addition to ICBC and ABC, the following lenders contributed the following amounts: Bank of Taiwan ($100 million USD); Chang Hwa Commercial Bank ($50 million USD); First Commercial Bank ($50 million USD); Land Bank of Taiwan ($50 million USD); Mega International Commercial Bank Co., Ltd. (formerly International Commercial Bank of China) ($50 million USD); State Bank of India (Tokyo) ($50 million USD); Taiwan Cooperative Bank ($50 million USD); Taiwan Business Bank ($50 million USD); Export-Import Bank of the Republic of China ($30 million USD); and Hua Nan Commercial Bank ($20 million USD).