Narrative
Full Description
Project narrative
Between August 19 and 25, 2011, a syndicate of 18 banks — including the Bank of China (BOC) — entered into a $225 million AUD syndicated loan agreement with National Wealth Management Holdings Limited, an Australian financial services company and a wholly-owned subsidiary of National Australia Bank Limited (NAB). This was a bullet loan and proceeds of this loan were to be used for the borrower for general corporate purposes. In addition to BOC, the following lenders contributed to this loan: Chinatrust Commercial Bank, Mega International Commercial Bank, National Australia Bank Limited (NAB), Bank of Taiwan, Cathay United Bank, Chang Hwa Commercial Bank Limited, The Chiba Bank Ltd., First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan Co., Ltd. (LBOT), The Shanghai Commercial & Savings Bank, Ltd. (SCSB), Taishin International Bank, Taiwan Business Bank (TBB), Taiwan Cooperative Bank, United Taiwan Bank S.A., Jih Sun International Bank, Ltd. (JSIB), and Hwatai Bank Limited. BOC, Chinatrust Commercial Bank, Mega International Commercial Bank, and NAB served as a mandated lead arrangers and bookrunners. Bank of Taiwan, Cathay United Bank, Chang Hwa Commercial Bank, Chiba Bank, First Commercial Bank, Hua Nan Commercial Bank, LBOT, SCSB, Taishin International Bank, TBB, Taiwan Cooperative Bank and United Taiwan Bank served as lead arrangers. JSIB and Hwatai Bank served as arrangers.
Staff comments
1. The breakdown of individual contributions of the 18 lenders to this $225 million AUD syndicated loan is unknown. For the time being, AidData has estimated the contribution of BOC by assuming that each lender contributed an equal amount ($12,500,000 AUD) to the syndicated loan.