Bank of China contributes SGD 18 million to syndicated credit facility to Ho Bee Cove for unspecified purposes

Project narrative

In May 2006, a group of banks, including Bank of China, agreed to terms on a SGD 249 million credit facility to Ho Bee Cove, a Singaporean property company. The facility has a maturity of 3.5 years, with other lending details unknown. The purpose of the loan is unknown. Mandated lead arrangers included OCBC, contributing SGD 85 million, along with DBS Bank, HSBC, and Maybank each contributing SGD 25 million. Co-arrangers included Bank of China and RHB Bank at SGD 18 million each and Bank of East Asia at SGD 12 million. Lead arrangers included Arab Bank, Chang Hwa Commercial Bank, First Commercial Bank, and Hua Nan Commercial Bank at SGD 9 million each, and Bank of India at SGD 5 million.