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Overview

Bank of China (Hong Kong Branch) provides $7 million USD to a $200 million USD syndicated term loan to the Industrial Bank of Korea for unspecified purposes

Commitments (Constant USD, 2023)$14,030,314
Commitment Year•2005Country 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
Aug 4, 2005
Last repayment (originally scheduled)
Aug 4, 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 (Hong Kong) Limited (BOCHK)

Cofinancing agencies

Private Sector

  • ABN AMRO Bank NV
  • Banco Popolare di Verona e Novara
  • Bank of America, N.A.
  • Barclays Corporate and Investment Bank (Formerly Barclays Capital)
  • BNP Paribas S.A.
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • DBS Bank Ltd.
  • DZ Bank AG
  • HSBC Bank PLC
  • Mizuho Corporate Bank, Ltd. (MHCB)
  • MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
  • Shinkin Central Bank (SCB)
  • UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.)

State-owned Banks

  • Banque et Caisse d'Épargne de l'État (Spuerkeess)
  • Bayerische Landesbank (BayernLB)
  • Landesbank Baden-Württemberg (LBBW)

Receiving agencies

State-owned Banks

  • Industrial Bank of Korea (IBK)

Loan description

Bank of China (Hong Kong Branch) contributes to a USD $200 million syndicated term loan to the Industrial Bank of Korea for unspecified purposes in 2005

Interest type•UnknownMaturity•2 years

Narrative

Full Description

Project narrative

On August 4, 2005, a syndicate of 17 lenders — including the Hong Kong Branch of the Bank of China (BOC) — entered into a $200 million USD syndicated term loan agreement with the Industrial Bank of Korea for unspecified purposes. The facility carried a two year maturity period. BOC (Hong Kong) contributed $7 million USD to the loan syndicate. In addition to BOC, the following lenders contributed the following amounts to and played these roles on the facility: ABN AMRO Bank ($13.5 million USD, mandated lead arranger); Bank of America ($13.5 million USD, mandated lead arranger); Bank of Tokyo-Mitsubishi (now MUFG Bank)($13.5 million USD, mandated lead arranger); Barclays Capital (now Barclays Corporate and Investment Bank) ($13.5 million USD, mandated lead arranger); BNP Paribas ($13.5 million USD, mandated lead arranger); Calyon (now Crédit Agricole Corporate and Investment Bank) ($13.5 million USD, mandated lead arranger); DBS Bank ($13.5 million USD, mandated lead arranger); HSBC Bank ($13.5 million USD, mandated lead arranger); Landesbank Baden-Württemberg (LBBW) ($13.5 million USD, mandated lead arranger); Mizuho Corporate Bank ($13.5 million USD, mandated lead arranger); UniCredito Italiano (now UniCredit) ($13.5 million USD, arranger); Bayerische Landesbank (BayernLB) ($13.5 million USD, arranger); Shinkin Central Bank ($11 million USD); DZ Bank ($9 million USD); Banco Popolare di Verona e Novara ($7 million USD); and Banque et Caisse d'Épargne de l'État (Spuerkeess) ($4 million USD, co-arranger).