Citic Ka Wah Bank contributes to USD 250 million syndicated loan for San Miguel Corporation (Linked to Project ID #98335)
Commitment amount
$ 42332271.93219829
Adjusted commitment amount
$ 42332271.93
Constant 2021 USD
Summary
Funding agency [Type]
China CITIC Bank International Limited (formerly CITIC Ka Wah Bank) [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
Project lifecycle
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
Details
Cofinanced
Yes
Cofinancing agencies [Type]
DBS Bank [Private Sector]
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU)) [Private Sector]
CIMB [Private Sector]
Bank of China (BOC) [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]
Standard Chartered Bank PLC [Private Sector]
Bank of Taiwan [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