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Overview

Bank of China contributes $10 million USD to a $250 million USD loan to the Korea Exchange Bank for unspecified purposes

Commitments (Constant USD, 2023)$18,765,161
Commitment Year•2006Country of Activity•KoreaDirect Recipient Country of Incorporation•KoreaOverseas Jurisdiction•Hong Kong (China)Sector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 16, 2006
Last repayment (originally scheduled)
Jun 16, 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

  • Bank of China (BOC)

Cofinancing agencies

Private Sector

  • Anglo Irish Bank plc
  • Banca Nazionale del Lavoro S.p.A. (BNP Paribas - BNL)
  • Banco Popolare di Verona e Novara
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • DBS Bank Ltd.
  • KBC Bank N.V.
  • Lloyds Bank plc (formerly Lloyds TSB Bank PLC)
  • MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
  • Natexis Banques Populaires
  • Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
  • Raiffeisen Zentralbank Österreich A.G. (RZB)
  • Standard Chartered Bank PLC
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • Toronto-Dominion Bank (TD Bank Group)
  • UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.)
  • United Overseas Bank Limited (UOB)

State-owned Banks

  • Banco Nacional Ultramarino S.A. (BNU)
  • Banque et Caisse d'Épargne de l'État (Spuerkeess)
  • Bayerische Landesbank (BayernLB)
  • Hamburg Commercial Bank (HSOB) (Formerly HSH Nordbank AG)

Receiving agencies

Private Sector

  • Korea Exchange Bank (KEB)

Loan description

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

Interest type•UnknownMaturity•1 years

Narrative

Full Description

Project narrative

On or around June 16, 2006, a syndicate of 21 lenders — including the Hong Kong Branch of the Bank of China (BOC) — entered into a $250 million USD term loan agreement with Korea Exchange Bank (KEB) — a South Korean bank listed on the Korea Exchange with American private equity firm Lone Star Global Acquisitions, Ltd. as its largest shareholder (50.53% stake) — for unspecified purposes. The loan carried a maturity period of one year. The facility started at $200 million USD and was oversubscribed to $250 million USD during syndication. BOC committed $10 million USD and served as arranger on the facility. In addition to BOC, the following lenders played these roles on the deal and contributed these amounts: Bayerische Landesbank (BayernLB) (mandated lead arranger, $20.5 million USD); Calyon (now Crédit Agricole Corporate and Investment Bank) (mandated lead arranger, $16 million USD); DBS Bank (mandated lead arranger, $16 million USD); HSH Nordbank (now Hamburg Commercial Bank) (mandated lead arranger, $16 million USD); Lloyds TSB (now Lloyds Bank) (mandated lead arranger, $16 million USD); Natexis Banques Populaires (mandated lead arranger, $16 million USD); Raiffeisen Zentralbank Osterreich (RZO) (mandated lead arranger, $10 million USD); Standard Chartered Bank (mandated lead arranger, $16 million USD); Sumitomo Mitsui Banking Corporation (SMBC) (mandated lead arranger, $16 million USD); Banque et Caisse d'Épargne de l'État (Spuerkeess) (arranger, $20 million USD); Banco Nacional Ultramarino (BNU) (arranger, $10 million USD); Bank of Tokyo-Mitsubishi UFJ (now MUFG Bank) (arranger, $10 million USD); KBC Bank (arranger, $10 million USD); Oversea-Chinese Banking Corporation (OCBC Bank) (arranger, $10 million USD); Unicredito Italiano (now UniCredit) (arranger, $10 million USD); United Overseas Bank (UOB) (arranger, $10 million USD); Banco Popolare di Verona e Novara (co-arranger, $7 million USD); Banca Nazionale del Lavoro S.p.A. (BNP Paribas - BNL) (co-arranger, $5 million USD); Toronto-Dominion Bank (lead manager, $3 million USD); and Anglo Irish Bank Corp (lead manager, $2.5 million).