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Overview

ICBC (Singapore) contributes SGD 23 million to a syndicated loan facility to ARMF (TBP) Pvt Ltd for debt refinancing and working capital requirements

Commitments (Constant USD, 2023)$27,163,548
Commitment Year•2006Country 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
May 30, 2006

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

  • Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Private Sector

  • BNP Paribas S.A.
  • Crédit Industriel et Commercial (CIC)
  • RHB Bank Berhad

State-owned Banks

  • Bank of Taiwan

Receiving agencies

Private Sector

  • ARMF (TBP) Private Ltd.

Loan description

ICBC contributions to SGD 123 million 2006 syndicated dual tranche loan facility for refinancing and working capital with ARMF (TBP) Pvt Ltd

Interest type•Unknown

Narrative

Full Description

Project narrative

On May 30, 2006, a group of banks, including ICBC, signed a SGD 123 million dual tranche syndicated loan facility with ARMF (TBP) Private. The facility consists of a SGD 121 million transferable term loan and a SGD 2 million credit revolver. Lending terms are unknown. The proceeds of the SGD 121 million term loan will be used to refinance existing borrowings, while the revolver will be used for working capital requirements. BNP Paribas served as mandated lead arranger and sole bookrunner, contributing SGD 45 million. Credit Industriel et Commercial (Singapore) and ICBC (Singapore) served as lead arrangers, each contributing SGD 23 million. RHB Bank (Singapore) also served as a lead arranger, contributing SGD 20 million. Bank of Taiwan (Singapore) joined as an arranger, contributing SGD 12 million.

Staff comments

1. AidData is unable to ascertain individual contributions to the individual tranches. For now, it assumes that contributions were made to each tranche.