Project ID: 98335

Bank of China contributes to USD 250 million syndicated loan for San Miguel Corporation (Linked to Project ID #98337)

Commitment amount

$ 42332271.93219829

Adjusted commitment amount

$ 42332271.93

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Philippines

Sector

Business and other services (Code: 250)

Flow type

Loan

Level of public liability

Private 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

2006-11-01

Description

In October/November 2006, a syndicate of at least twelve banks participated in a USD 250 million syndicated loan for San Miguel Corporation, a food and drinks company. DBS Bank and Standard Chartered Bank led the loan. Known participants include Bank of China, Bank of Taiwan, Bank of Tokyo-Mitsubishi UFJ, Cathay United Bank, CIMB, Citic Ka Wah Bank, Maybank, Mizuho Corporate Bank, Mega International Bank of China, and NordLB. Two additional unidentified banks are reportedly expected to join the syndicate, but whether they ultimately contributed to this loan is unknown. Since the individual contributions of the lenders are unknown, AidData assumes that the twelve known syndicate members each contributed an equal amount to the syndicate (USD 20,833,333). The borrowing terms included a five-year maturity. The contribution of Bank of China is captured in Project ID #98335 and Citic Ka Wah Bank is captured in Project ID #98337

Additional details

1. Since the individual contributions of the lenders are unknown, AidData assumes that the twelve known syndicate members each contributed an equal amount to the syndicate (USD 20,833,333).

Number of official sources

0

Number of total sources

1

Download the dataset

Details

Cofinanced

Yes

Cofinancing agencies [Type]

DBS Bank [Private Sector]

Standard Chartered Bank PLC [Private Sector]

Bank of Taiwan [State-owned Bank]

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

CIMB [Private Sector]

China CITIC Bank International Limited (formerly CITIC Ka Wah Bank) [State-owned Commercial Bank]

Maybank International (L) Limited [Private Sector]

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

Norddeutsche Landesbank Girozentrale (NORD/LB) [State-owned Bank]

Cathay United Bank [Private Sector]

Mega International Commercial Bank Co., Ltd. [Private Sector]

Direct receiving agencies [Type]

San Miguel Corporation [Private Sector]

Loan Details

Maturity

5 years

Syndicated loan