Overview

Bank of China contributes SGD 5 million to a SGD 35 million credit facility to Aussino Group for unspecified purposes

Commitments (Constant USD, 2023)$6,456,369

Commitment Year•2003Country 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, 2003

Last repayment (originally scheduled): Jul 1, 2006

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 (BOC)

Cofinancing agencies

Private Sector

Bank of East Asia Limited (BEA)
Maybank International (L) Limited
Oversea-Chinese Banking Corporation, Limited (OCBC Bank)

Receiving agencies

Private Sector

Aussino Group

Loan description

Bank of China contributes to SGD 35 million 2003 syndicated credit facility for general corporate purposes with Aussino Group

Interest type•UnknownMaturity•3.5 years

Narrative

Full Description

Project narrative

In 2003, Bank of China committed SGD 5 million to a SGD 35 million credit facility to Aussino Group, a Singaporean bed linen maker for unspecified purposes. The maturity of the facility is 3.5 years; other lending details are unknown. Oversea-Chinese Banking Corporation (OCBC) served as the sole arrange, contributing SGD 20 million; Bank of China, Bank of East Asia, and Maybank each joined as managers, contributing SGD 5 million each. The loan was expected to be signed at the end of November 2003.