Overview

China Construction Bank contributes to USD 20 million syndicated loan to Asia Pharmaceuticals for unspecified corporate purposes

Commitments (Constant USD, 2023)$6,646,258

Commitment Year•2007Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 1, 2007

Last repayment (originally scheduled): Apr 30, 2010

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)
Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
United Overseas Bank Limited (UOB)

State-owned Banks

PT Bank Mandiri (Persero) Tbk

Receiving agencies

Private Sector

Asia Pharmaceuticals Pte Ltd

Loan description

China Construction Bank contributes to USD 20 million 2007 syndicated loan facility for general corporate purposes with Asia Pharmaceuticals

Interest rate (t₀)•6.6%Interest type•Variable Interest RateMaturity•3 years

Narrative

Full Description

Project narrative

In May 2007, a group of five banks, including China Construction Bank, signed a USD 20 million syndicated loan facility with Asia Pharmaceuticals for unspecified corporate purposes. The loan has a three-year maturity and an interest rate of LIBOR plus 125 basis points. Individual contributions to the facility are unclear. OCBC served as sole bookrunner, with Bangkok Bank, Bank Mandiri, China Construction Bank, and UOB joining the syndicate.

Staff comments

1. AidData is unable to ascertain specific contributions to the facility from each bank, therefore it has assumed an equal contribution to the facility from each member of the syndicate (USD 4 million). 2. AidData has calculated the interest rate using the average 6-month LIBOR rate for May 2007. For more information, see: https://www.global-rates.com/en/interest-rates/libor/american-dollar/2007.aspx