Narrative
Full Description
Project narrative
In 2005, a group of banks, including China Construction Bank, Bank of China, and Agricultural Bank of China, agreed to terms on a five year, USD 80 million credit facility with Huan Hsin Holdings for unspecified corporate purposes. Other lending details -- including individual contributions and interest rate -- are unclear. The loan was expected to be signed on April 18, 2005. Oversea-Chinese Banking Corp is the mandated arranger. DBS Bank and Sumitomo Mitsui Banking Corp joined as arrangers. Bumiputra-Commerce Bank, BNP Paribas, Calyon, China Construction Bank and Maybank are co-arrangers. Bank of China, Bangkok Bank and Rabobank Nederland is a lead manager. Agricultural Bank of China, Bank of East Asia and Moscow Narodny Bank are managers. CCB's contribution is captured via Record ID#96714, BOC's contribution is captured via Record ID#96715, and ABC's contribution is captured via Record ID#96716.
Staff comments
1. As AidData is unable to ascertain the individual contributions from any of the lenders, it has assumed that each bank made an equal contribution to the loan facility (USD 5.714 million).