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Overview

Agricultural Bank of China contributes USD 3 million to syndicated loan to Huan Hsin Holdings for unspecified corporate purposes (Linked to Record ID#96713)

Commitments (Constant USD, 2023)$6,750,105
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)
Dec 31, 2007

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

  • Agricultural Bank of China (ABC)

Cofinancing agencies

Private Sector

  • Bangkok Bank Public Company Limited (BBL)
  • Bank of East Asia Limited (BEA)
  • Bumiputra Commerce Bank (BCB) (formerly known as Commerce Asset-Holdings Berhad)
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • Maybank International (L) Limited
  • Moscow Narodny Bank Limited (MNB)
  • Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
  • Sumitomo Mitsui Banking Corporation (SMBC)

State-owned Commercial Banks

  • China Construction Bank Corporation (CCB)

Receiving agencies

Private Sector

  • Huan Hsin Holdings

Loan description

2003 Agricultural Bank of China and China Construction Bank contributions to USD 42 million syndicated loan for corporate purposes in Singapore

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

In 2003, a group of banks, including Agricultural Bank of China (captured here) and China Construction Bank (captured in Record ID#96713), agreed to terms on a USD 42 million syndicated loan facility with Huan Hsin Holdings for unspecified corporate purposes. Agricultural Bank of China and China Construction Bank both contributed USD 3 million to the facility. The loan has a five year maturity; other lending terms are unknown. OCBC served as arranger, contributing USD 9 million to the facility. Sumitomo Mitsui Banking Corp and Bumiputra Commerce Bank served as managers and each contributed USD 6 million. Agricultural Bank of China, Bangkok Bank, Bank of East Asia, Credit Lyonnais, China Construction Bank, Maybank, and Moscow Narodny Bank all served as managers and each contributed USD 3 million.