Project ID: 97871

Bank of China contributes $160 million to $1 billion USD dual-tranche syndicated loan facility to Malaysia Airlines for unspecified corporate purposes

Commitment amount

$ 364424339.5018618

Adjusted commitment amount

$ 364424339.5

Constant 2021 USD

Summary

Funding agency [Type]

Bank of China (BOC) [State-owned Commercial Bank]

Recipient

Malaysia

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government-guaranteed debt

Infrastructure

No

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2004-06-01

Description

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 facility 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. 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.

Additional details

Number of official sources

0

Number of total sources

1

Download the dataset

Details

Cofinanced

Yes

Cofinancing agencies [Type]

Mizuho Corporate Bank, Ltd. (MHCB) [Private Sector]

MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU)) [Private Sector]

Sumitomo Mitsui Banking Corporation [Private Sector]

HSBC (Hong Kong and Shanghai Banking Corporation) [Private Sector]

Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI)) [Private Sector]

Standard Chartered Bank PLC [Private Sector]

Bumiputra Commerce Bank (BCB) (formerly known as Commerce Asset-Holdings Berhad) [Private Sector]

United Overseas Bank Limited (UOB) [Private Sector]

KfW Development Bank (KfW Entwicklungsbank GmbH) [State-owned Bank]

National Australia Bank Limited (NAB) [Private Sector]

Oversea-Chinese Banking Corporation, Limited (OCBC Bank) [Private Sector]

Shinkin Central Bank (SCB) [Private Sector]

UFJ Bank [Private Sector]

AmMerchant Bank Berhad [Private Sector]

Citibank (Malaysia) [Private Sector]

Taiwan Cooperative Bank [State-owned Bank]

Direct receiving agencies [Type]

Malaysia Airlines Berhad (Penerbangan Malaysia) [State-owned Company]

Guarantee provider [Type]

Malaysia Ministry of Finance [Government Agency]

Loan Details

Syndicated loan