Bank of China contributes $80 million to 5-year tranche of $1 billion dual-tranche syndicated loan facility to Malaysia Airlines (Linked to Record ID#107686)

Project narrative

In June 2004, a group of banks -- including Bank of China's Hong Kong and Singapore branches -- signed a $1 billion syndicated dual-tranche loan facility agreement with Malaysia Airlines Berhad (Penerbangan Malaysia). The loan had two tranches -- a five-year and a seven-year tranche -- and was guaranteed by the Malaysian Ministry of Finance. The borrowing terms that applied to the two loan tranches are unknown. The proceeds of the facility were to be used by the borrower for unspecified corporate purposes. Bank of China's Hong Kong Branch contributed $120 million as a mandated lead arranger to the facility, while Bank of China's Singapore Branch contributed $40 million as an arranger. Bank of China's overall contribution was $160 million. Other members of the syndicate included mandated lead arrangers Mizuho Corporate Bank contributing $100 million, Bank of Tokyo-Mitsubishi contributing $91 million, SMBC contributing $75 million, HSBC contributing $61 million, Calyon and Standard Chartered contributing $50 million each, and Bumiputra-Commerce Bank contributing $43 million. Lead arrangers included: UOB contributing $90 million, KfW, National Australia Bank, OCBC, Shinkin Central Bank, and UFJ Bank (Luban) contributing $50 million each. Lead managers included: AmMerchant Bank, Citibank (Malaysia), and Farmers Bank of China (now Taiwan Cooperative Bank) contributing $10 million each.