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Overview

China Construction Bank contributes to USD 80 million syndicated credit facility to Huan Hsin Holdings for unspecified corporate purposes (linked to Record ID #s#96715 and #96716)

Commitments (Constant USD, 2023)$11,453,316
Commitment Year2005Country of ActivitySingaporeDirect Recipient Country of IncorporationSingaporeSectorIndustry, Mining, ConstructionFlow TypeLoan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2005
Last repayment (originally scheduled)
Dec 31, 2009

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

  • China Construction Bank Corporation (CCB)

Cofinancing agencies

Private Sector

  • Bangkok Bank Public Company Limited (BBL)
  • Bank of East Asia Limited (BEA)
  • BNP Paribas S.A.
  • Bumiputra Commerce Bank (BCB) (formerly known as Commerce Asset-Holdings Berhad)
  • Coöperatieve Rabobank U.A. (Rabobank)
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • DBS Bank Ltd.
  • 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

  • Agricultural Bank of China (ABC)
  • Bank of China (BOC)

Receiving agencies

Private Sector

  • Huan Hsin Holdings

Loan description

2005 CCB, BOC, and ABC contributions to USD 80 million syndicated loan for corporate purposes in Singapore

Interest typeUnknownMaturity5 years

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).