Bank of China contributes to a RM 450 million MYR syndicated facility to Chailease Berjaya Credit Sdn Bhd in June 2019
Commitment amount
$ 24447747.988326382
Adjusted commitment amount
$ 24447747.99
Constant 2021 USD
Summary
Funding agency [Type]
Bank of China (BOC) [State-owned Commercial Bank]
Recipient
Malaysia
Sector
Business and other services (Code: 250)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
In June 2019, Bank of China (Malaysia) Berhad contrubutes to a June 2019 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.
Additional details
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.
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Mizuho Bank [Private Sector]
Bangkok Bank Public Company Limited (BBL) [Private Sector]
OCBC Bank (Malaysia) Berhad [Private Sector]
Maybank International (L) Limited [Private Sector]
Direct receiving agencies [Type]
Chailease Berjaya Credit Sdn. Bhd. [Private Sector]