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Overview

ICBC contributes $10 million USD to a $200 million USD syndicated loan to Korea Exchange Bank for unspecified purposes

Commitments (Constant USD, 2023)$22,500,349
Commitment Year•2003Country 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 23, 2003

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

  • Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Government Agencies

  • Commercial Bank of Greece (Emporiki Bank)

Intergovernmental Organizations

  • The Arab Investment Company

Private Sector

  • American Express Bank Ltd
  • Anglo Irish Bank plc
  • DZ Bank AG
  • Gulf Bank of Kuwait KSCP (Gulf Bank)
  • Hua Nan Commercial Bank, Ltd. (HNCB)
  • Lloyds Bank plc (formerly Lloyds TSB Bank PLC)
  • MUFG Union Bank, N.A. (formerly Union Bank of California, N.A.)
  • Natexis Banques Populaires
  • Royal Bank of Canada (RBC)
  • Standard Chartered Bank PLC
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • Wachovia Bank, N.A.
  • WGZ Bank

State-owned Banks

  • Bayerische Landesbank (BayernLB)
  • Hamburg Commercial Bank (HSOB) (Formerly HSH Nordbank AG)
  • Landesbank Saar (SaarLB)
  • LRP Landesbank Rheinland-Pfalz
  • Zurich Cantonal Bank (Zürcher Kantonalbank (ZKB))

Receiving agencies

Private Sector

  • Korea Exchange Bank (KEB)

Loan description

ICBC contributes to a USD $200 million syndicated loan to Korea Exchange Bank for unspecified purposes in South Korea in 2003

Interest type•Unknown

Narrative

Full Description

Project narrative

On September 25, 2003, a syndicate of 21 lenders — including the Industrial & Commercial Bank of China (ICBC) — signed a $200 million USD syndicated loan agreement with Korea Exchange Bank (KEB) — a South Korean bank listed on the Korea Exchange with Commerzbank AG as its largest shareholder (32.6% stake) — for unspecified purposes. The facility carried multiple tranches. The facility was originally set at $150 million USD, but oversubscribed during syndication. ICBC contributed $10 million USD to the $200 million USD facility. In addition to ICBC, the following lenders played these roles and contributed the following amounts: Bayerische Landesbank (BayernLB) (mandated arranger, $20 million USD); HSH Nordbank (now Hamburg Commercial Bank) (mandated arranger, $20 million USD); Natexis Banques Populaires (mandated arranger, $15 million USD); Standard Chartered Bank (mandated arranger, $18 million USD); Sumitomo Mitsui Banking Corporation (SMBC) (mandated arranger, $20 million USD); Gulf Bank of Kuwait KSCP (Gulf Bank) (lead manager, $20 million USD); Landesbank Rheinland-Pfalz (lead manager, $10 million USD); Lloyds TSB (now Lloyds Bank) (lead manager, $10 million USD); Union Bank of California (now MUFG Union Bank) (lead manager, $10 million USD); Wachovia Bank (lead manager, $10 million USD); DZ Bank (Hong Kong) ($6 million USD); American Express Bank ($5 million USD); Arab Investment Company ($5 million USD); Royal Bank of Canada (RBC) ($5 million USD); Commercial Bank of Greece (Emporiki Bank) ($3 million USD); Hua Nan Commercial Bank, Ltd. (HNCB) ($3 million USD); WGZ Bank ($3 million USD); Zürcher Kantonalbank (ZKB) ($3 million USD); Anglo Irish Bank ($2 million USD); and Landesbank Saar ($2 million USD).