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Overview

Bank of China contributes to SGD 680 million syndicated dual-tranche facility to Lend Lease Retail Investment for debt refinancing and working capital purposes

Commitments (Constant USD, 2023)$91,653,296
Commitment Year•2010Country 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
Nov 12, 2010
Last repayment (originally scheduled)
May 12, 2015

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Cofinancing agencies

Private Sector

  • Bank of East Asia Limited (BEA)
  • DBS Bank Ltd.
  • Malayan Banking Berhad (Maybank)
  • Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • United Overseas Bank Limited (UOB)

Receiving agencies

Private Sector

  • Lend Lease Retail Investments 1 Pte. Ltd.

Loan description

Bank of China contributions to SGD 680 million 2010 syndicated dual-tranche loan facility for refinancing and working capital with Lend Lease Retail Investment

Interest type•UnknownMaturity•4.5 years

Narrative

Full Description

Project narrative

On November 12, 2010, a syndicated of banks -- including Bank of China -- signed a SGD 680 million syndicated dual-tranche lending facility with Lend Lease Retail Investment. The facility, which has a maturity of 4.5 years, consists of two tranches: a SGD 660 million term loan and a SGD 20 million revolving credit facility. Other lending details are unknown. Proceeds from the facility will be used to refinance an SGD 660 million facility signed in 2006 and for working capital purposes. Members of the syndicate include OCBC as sole bookrunner, DBS as mandated lead arranger, Maybank as lead arranger, and Bank of China, Bank of East Asia, Sumitomo Mitsui Banking Corp, and UOB as senior arrangers.

Staff comments

1. AidData is unable to ascertain individual contributions to the facility by each member of the syndicate, therefore equal contributions from each lender are assumed. Similarly, it is unknown whether Bank of China contributed to either or both tranches.