Bank of China contributes to SGD 325 million syndicated credit facility to Millenia Tower Investments for unspecified corporate purposes (linked to Record ID#96728)

Project narrative

In 2004, a group of banks, including Bank of China and China Bank of Communications, contributed to a SGD 325 million multi-tranche credit facility to Millenia Tower Investments for unspecified corporate purposes. The facility is split into three tranches: a SGD 125 million term loan, a SGD 100 million term loan, and a SGD 100 million "loan-style floating rate note." All three tranches have a five-year maturity and an interest rate of 92.5bp over the Singapore Dollar Swap Offer Rate (SOR). Individual contributions are unclear. The facility was expected to be signed in December 2004. BNP Paribas, Oversea-Chinese Banking Corp, and Sumitomo Mitsui Banking Corp. served as lead arrangers. Bank of China, Bank of Communications, Bank of East Asia, and Maybank also joined the syndicate. Bank of China's contribution is captured here. BoComm's contribution is captured via Record ID#96728.