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Overview

Agricultural Bank of China contributes to USD 80 million syndicated credit facility to Huan Hsin Holdings for unspecified corporate purposes (Linked to Record ID#96714 and #96715)

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

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)
  • 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

  • Bank of China (BOC)
  • China Construction Bank Corporation (CCB)

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 typeUnknown

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).