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. The exact size of Agricultural Bank of China, Bank of China and China Construction Bank’s respective financial contributions to the $80 million USD syndicated credit facility are unknown. For the time being, AidData assumes that all 14 members of the lending syndicate contributed equal amounts ($5,714,285.71).