Bank of Communications contributes $26 million AUD to a $300 million AUD syndicated loan to Cheung Kong Infrastructure Finance (Australia) for unspecified purposes (Linked to Record ID#96618 and #96620)

Project narrative

On September 1, 2004, a syndicate of 13 banks — including the Agricultural Bank of China (ABC), the Bank of Communications (BoComm), and Nanyang Commercial Bank (NCB) — signed a $300 million AUD syndicated facility (loan agreement) with Cheung Kong Infrastructure Finance (Australia) Pty Ltd. — a special purpose vehicle (SPV) wholly owned by Hong Kong-based Cheung Kong Infrastructure Holdings Limited (CKI) — for unspecified purposes. ABC and BoComm contributed $26 million AUD; NCB contributed $14 million AUD. Record ID#96618 captures ABC's contribution. Record ID#96619 captures BoComm's contribution. Record ID#96620 captures NCB's contribution. In addition to the three Chinese state-owned banks, the following lenders contributed the respective amounts to the syndicate: BNP Paribas S.A. ($50 million AUD), BayernLB ($26 million AUD), National Australia Bank Limited (NAB) ($26 million AUD), Standard Chartered Bank ($26 million AUD), Australia and New Zealand Banking Group (ANZ) ($23 million AUD), Mizuho Corporate Bank (MHCB) ($23 million AUD), the Bank of East Asia Limited (BEA) ($21 million AUD), the Bank of Nova Scotia (Scotiabank) ($14 million AUD), Westpac Banking Corporation ($14 million AUD), and International Bank of Asia ($11 million AUD). ABC, BoComm, BNP Paribas, BayernLB, NAB, and Standard Chartered served as coordinating arrangers. NCB, ANZ, MHCB, BEA, Scotiabank, and Westpac served as arrangers. IBA served as a co-arranger. This loan was oversubscribed but not increased during syndication.