Overview

Bank of China contributes to USD 55 million credit revolver to WPG Electronics for general corporate purposes

Commitments (Constant USD, 2023)$15,231,007

Commitment Year•2007Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2007

Last repayment (originally scheduled): Dec 31, 2008

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Cofinancing agencies

Private Sector

DBS Bank Ltd.
HSBC (Hong Kong and Shanghai Banking Corporation)
Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
Raiffeisen Zentralbank Österreich A.G. (RZB)
United Overseas Bank Limited (UOB)

Receiving agencies

Private Sector

Wpg Electronics (South Asia) Pte. Ltd.

Loan description

Bank of China contributions to USD 55 million 2007 syndicated revolving credit facility for general corporate purposes of WPG Electronics

Interest type•UnknownMaturity•2 years

Narrative

Full Description

Project narrative

In 2007, Bank of China and five other banks contributed to a USD 55 million two-year credit revolver with WPG Electronics, a distributor of electrical components, for general corporate purposes. Other details of the loan are unclear. Other members of the syndicate included HSBC (as sole bookrunner), DBS, OCBC, Raiffeisen Zentralbank, and United Overseas Bank.

Staff comments

1. As AidData is unable to ascertain the individual contributions made by members of the syndicate, it has assumed that each member contributed an equal amount (USD 9,166,666).