Overview

Bank of China contributes to SGD 360 million term loan to DBS Trustee for future acquisition purposes

Commitments (Constant USD, 2023)$71,075,704

Commitment Year•2016Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 1, 2016

Last repayment (originally scheduled): Mar 1, 2019

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

Bank of China (BOC)

Cofinancing agencies

Private Sector

Australia and New Zealand Banking Group (ANZ)
Bank of East Asia Limited (BEA)
Standard Chartered Bank PLC

Receiving agencies

Private Sector

DBS Trustee Limited

Loan description

Bank of China contributes to SGD 360 million 2016 syndicated term loan for future acquisitions with DBS Trustee

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

In March 2016, a group of banks, including Bank of China, signed a SGD 360 million syndicated loan with DBS Trustee (part of DBS) for future acquisition purposes. ANZ and Standard Chartered Bank served as joint bookrunners and mandated lead arrangers. Bank of China served as mandated lead arranger, while Bank of East Asia (Singapore) joined as an arranger. The loan has a 3-year maturity and unknown interest rate.

Staff comments

1. AidData is unable to ascertain the individual contributions to the loan by each member of the syndicate, therefore it has been assumed that each lender made an equal contribution (360/4 = 90).