Bank of China contributes $30 million AUD to a $1.9 billion AUD syndicated loan to Qantas Airways for refinancing purposes

Project narrative

On October 5, 2004, a syndicate of 33 banks — including the Bank of China (BOC), the Industrial and Commercial Bank of China (ICBC), and China Construction Bank Corporation (CCB) — entered into a $1.9 billion AUD ($1.4 billion USD) syndicated loan agreement with Qantas Airways Limited — Australia's flag carrier airline — for refinancing purposes. The tranches include a $192 million AUD syndicated revolving facility tranche with a maturity period of four years and a final maturity date of October 5, 2008, a $578 million AUD syndicated revolving facility with a maturity period of five-and-a-half years and a final maturity date on April 5, 2010, a $300 million AUD stand-by facility tranche with a maturity period of three years and a final maturity date of October 5, 2007 and a $200 million AUD stand-by facility tranche with a maturity period of fiveyears and a final maturity date of October 5, 2009. BOC contributed $30 million AUD, as captured by Record ID#111085. ICBC contributed $60 million AUD, as captured by Record ID#111086. CCB contributed $80 million AUD, as captured by Record ID#111087. In addition to the three Chinese state-owned banks, the following lenders contributed to the loan syndicate: ABN AMRO Bank N.V. ($85 million AUD), Barclays Capital ($85 million AUD), Citigroup ($85 million AUD), Commonwealth Bank of Australia (CBA) ($85 million AUD), Australia and New Zealand Banking Group (ANZ) ($65 million AUD), BNP Paribas S.A. ($65 million AUD), Deutsche Bank AG ($65 million AUD), HSBC ($65 million AUD), Mizuho Corporate Bank ($65 million AUD), National Australia Bank Limited (NAB) ($65 million AUD), Societe Generale Australia Ltd ($65 million AUD), Sumitomo Mitsui Finance Australia Limited ($65 million AUD), WestLB AG ($65 million AUD), Westpac Banking Corporation ($65 million AUD), Commerzbank AG ($60 million AUD), DZ Bank AG ($60 million AUD), JPMorgan Chase Bank, N.A. ($60 million AUD), Oversea-Chinese Banking Corporation, Limited ($60 million AUD), Bank of Tokyo-Mitsubishi, Ltd. ($60 million AUD), UBS ($60 million AUD), Bayerische Landesbank (BayernLB) ($40 million AUD), International Commercial Bank of China ($40 million AUD), Landesbank Baden-Württemberg (LBBW) ($40 million AUD), Macquarie Bank ($40 million AUD), Merrill Lynch International ($40 million AUD), Bank of East Asia ($40 million AUD), United Overseas Bank Limited (UOB) ($40 million AUD), Wing Lung Bank ($40 million AUD), Chinatrust Commercial Bank ($30 million AUD), and Hua Nan Commercial Bank, Ltd. (HNCB) ($30 million AUD). ABN AMRO Bank, Barclays Capital, Citigroup, and CBA served as mandated lead arrangers. ANZ, BNP Paribas, Deutsche Bank, HSBC, Mizuho Corporate Bank, NAB, Societe General Australia, Sumitomo Mitsui Finance Australia, WestLB, and Westpac Banking served as arrangers. CCB, ICBC, Commerzbank, DZ Bank, JPMorgan Chase Bank, OCBC Bank, BTMU, and UBS served as senior lead managers. BOC, BayernLB, International Commercial Bank of China, LBBW, Macquarie Bank, Merrill Lynch International, BEA, UOB, Wing Lung Bank, Chinatrust Commercial Bank, and HNCB served as lead managers.