Bank of China (Hong Kong) contributes $13 million USD to $350 million USD syndicated loan for Vietnam’s Masan Group Corp. in March 2021

Project narrative

In March 2021, Bank of China (Hong Kong) contributed $13 million USD to a $350 million USD syndicated loan for Vietnam’s Masan Group Corp, an investment holding company operating in food and beverage and consumer retail industries. The loan carried a maturity period of three years and an interest rate of 3.451%. Loan proceeds were to be used for general working purposes, including increasing Masan Group’s stake in its subsidiary CrownX. The syndicated loan involved a total of 27 banks. Four mandated lead arrangers and bookrunners launched the loan into syndication in January at an initial size of $200 million USD. These banks were BNP Paribas (Singapore branch), Credit Suisse (Singapore branch), HSBC (Singapore branch) and Standard Chartered (Singapore branch). Each of these banks contributed $16.5 million USD to the loan. Lead arrangers for this loan included Bangkok Bank, Bank SinoPac’s offshore banking branch (OBU), Rabobank (Singapore branch), Maybank (Singapore branch), Mega International Commercial Bank OBU, and Sumitomo Mitsui Banking Corp (Singapore branch). Each of these banks contributed $15 million USD. Bank of China (Hong Kong), BDO Unibank (Hong Kong branch), Cathay United Bank, First Commercial Bank OBU, Hua Nan Commercial Bank OBU, Kookmin Bank, Taiwan Cooperative Bank (Manila branch), Taiwan Shin Kong Commercial Bank and Union Bank of Taiwan contributed $13 million USD each. Seven lenders joined as arrangers. Bank of Taiwan OBU provided $12 million USD, while Banque Internationale de Commerce, CTBC Bank (Singapore branch), Taichung Commercial Bank OBU, Taipei Fubon Bank, Taishin International Bank and Taiwan Business Bank OBU each provided $10 million USD. Bank of Panhsin earned the manager title with an allocation of $5 million USD.