BOCHK contributes $49 million AUD to a $1 billion AUD syndicated loan to Telstra Corporation for unspecified purposes

Project narrative

Between October 26 and November 1, 2007, a syndicate of 16 banks — including the Bank of China (Hong Kong) Limited (BOCHK) — entered into a $1 billion AUD syndicated facility (loan) agreement with Australian telecommunications firm Telstra Corporation. This facility carried a maturity period of five years. BOCHK contributed $49 million AUD to the loan syndicate. In addition to BOCHK, the following banks contributed the respective amounts to the loan syndicate: National Australia Bank Limited (NAB) ($73 million AUD), Westpac Banking Corporation ($73 million AUD), Australia and New Zealand Banking Group (ANZ) ($73 million AUD), Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) ($73 million AUD), Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) ($73 million AUD), Commonwealth Bank of Australia (CBA) ($73 million AUD), Sumitomo Mitsui Banking Corporation (SMBC) ($73 million AUD), Toronto Dominion Securities ($73 million AUD), UBS AG ($73 million AUD), Bank of America Corporation ($49 million AUD), BNP Paribas S.A. ($49 million AUD), Citibank ($49 million AUD), JPMorgan Chase Bank, N.A. (Chase Bank) ($49 million AUD), Oversea-Chinese Banking Corporation (OCBC Bank) ($49 million AUD), and Société Générale S.A. (SocGen) ($49 million AUD). NAB and Westpac served as lead banks. ANZ, BTMU, BBVA, CBA, SMBC, Toronto Dominion Securities, and UBS served as co-arrangers. BOCHK, Bank of America, BNP Paribas, Citi, Chase Bank, OCBC Bank, and SocGen served as lead managers.