Narrative
Full Description
Project narrative
On May 6, 2008, a $210 million USD syndicated loan for the Bank of India was signed. The facility was oversubscribed and upsized from $100 million USD due to an overwhelming market response. Original mandated leaders and bookrunners included the Bank of Tokyo-Mitsubishi UFJ, DZ Bank, HSBC, Intesa Sanpaolo and Sumitomo Mitsui Banking Corporation. Each of these bookrunners committed $15 million USD each. Equal status arrangers for the loan included Chinatrust Commercial Bank, First Commercial Bank, KommunalKredit International Bank and Unicredit with holds of $14.5 million USD each. Lead arrangers Bank of China (Hong Kong branch), Bank of Taiwan, Banques des Mascareignes, Chang Hwa Commercial Bank, Hua Nan Commercial Bank and Land Bank of Taiwan provided $10 million USD each. Arrangers for the syndicated loan included Cathay United Bank, Shanghai Commercial and Savings Bank and Shin Kong Commercial Bank. Each provided $5 million USD. Bank of Kaohsiung, whose role is unspecified, provided $3 million USD. The loan carried a maturity period of three years, was a bullet deal, and carried LIBOR plus a margin of 90 basis points). The loan proceeds were for general corporate purposes.