Overview

Bank of China (Singapore) contributes to SGD 350 million dual-tranche syndicated loan to Hong Leong Holdings for refinancing existing debt and working capital requirements

Commitments (Constant USD, 2023)$41,335,833

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 19, 2006

Last repayment (originally scheduled): May 18, 2011

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

Bank of America, N.A.
BNP Paribas S.A.
Crédit Industriel et Commercial (CIC)
DZ Bank AG
Mizuho Corporate Bank, Ltd. (MHCB)
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
Sumitomo Mitsui Banking Corporation (SMBC)

State-owned Banks

Norddeutsche Landesbank Girozentrale (NORD/LB)

Receiving agencies

Private Sector

Hong Leong Holdings Limited

Loan description

Bank of China contributions to SGD 350 million 2006 syndicated dual-tranche loan facility for refinancing and working capital with Hong Leong Holdings

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

On May 19, 2006, a group of banks, including Bank of China, signed a SGD 350 million dual-tranche loan facility with Hong Leong Holdings — a Singapore-based real estate investment and development company. The loan has a five-year maturity and unknown interest rate. Proceeds will be used to refinance existing debt and provide for the company's working capital requirements. The syndicate included Bank of America, Bank of Tokyo-Mitsubishi UFJ, HSBC, Oversea-Chinese Banking Corp and Sumitomo Mitsui Banking Corp, Bank of China (Singapore), Credit Industriel et Commercial (Singapore), BNP Paribas, DZ Bank (Singapore), Mizuho Corporate Bank (Singapore), and NordLB.

Staff comments

1. AidData is unable to ascertain individual contributions to the facility from each member of the syndicate, therefore equal contributions are assumed (350/10 = 35).