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Overview

Bank of China (Malaysia) contributes to a RM 450 million MYR syndicated facility to Chailease Berjaya Credit Sdn Bhd

Commitments (Constant USD, 2023)$22,585,667
Commitment Year•2019Country of Activity•MalaysiaDirect Recipient Country of Incorporation•MalaysiaOverseas Jurisdiction•MalaysiaSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 1, 2019

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 (Malaysia) Berhad

Cofinancing agencies

Private Sector

  • Bangkok Bank Public Company Limited (BBL)
  • Maybank International (L) Limited
  • Mizuho Bank, Ltd.
  • OCBC Bank (Malaysia) Berhad

Receiving agencies

Private Sector

  • Chailease Berjaya Credit Sdn. Bhd.

Loan description

Bank of China contributes to MYR 450 million syndicated facility to Chailease Berjaya Credit Sdn Bhd in 2019

Interest type•Unknown

Narrative

Full Description

Project narrative

In June 2019, Bank of China (Malaysia) Berhad contributes to a RM 450 million MYR syndicated facility to Chailease Berjaya Credit Sdn Bhd (Chailease Berjaya), the overseas subsidiary of the Taiwanese leasing giant Chailease Holding Company Limited. The syndicated loan was over-subscribed and was upsized to RM450 million from an initial facility amount of RM300 million. Mizuho Bank (Malaysia) Berhad and OCBC Bank (Malaysia) Berhad, the Coordinating Mandated Lead Arrangers and Bookrunners, syndicated the loan to three other banks namely, Bangkok Bank Berhad, Bank of China (Malaysia) Berhad and Malayan Banking Berhad. The syndicated loan proceeds will be utilized to support its business expansion. Chailease Holding Company Limited (CHC) is the ultimate holding company of Chailease Berjaya.

Staff comments

1. The precise monetary value of BoC’s contribution to the loan syndicate is unknown. For the time being, AidData assumes equal contributions (RM90,000,000) across the 5 known members of the syndicate.