Overview

Bank of China contributes to SGD 680 million syndicated loan facilities to DBS Trustee for unspecified corporate purposes

Commitments (Constant USD, 2023)$131,021,637

Commitment Year•2017Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeOverseas Jurisdiction•SingaporeSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2017

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

DBS Bank Ltd.
Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
Standard Chartered Bank PLC

Receiving agencies

Private Sector

DBS Trustee Limited

Loan description

Bank of China contributes to SGD 680 million 2017 syndicated term and revolving loan facilities for general corporate purposes with DBS Trustee

Interest type•Unknown

Narrative

Full Description

Project narrative

In January 2017, a group of banks, including Bank of China, signed a term and revolving loan facility of SGD 680 million with DBS Trustee. Lending terms and details of the individual tranches are unknown. DBS Trustee was operating as a trustee of OUE Commercial Real Estate Investment Trust — a Singapore-based REIT investing in commercial properties. OCBC, Standard Chartered, Bank of China Singapore Branch, and DBS Bank served as original lenders and mandated lead arrangers.

Staff comments

1. AidData is unable to ascertain the commitments of each individual lender, therefore equal contributions from each member of the syndicate have been assumed (680/4 = 170).