Narrative
Full Description
Project narrative
In July 2017, ICBC contributed USD $16 million to a $200 million USD syndicated loan to PT Mandiri Tunas Finance (MTF), an Indonesian automobile finance company. The sole mandated lead arranger and bookrunner of the three year facility, Bank of Tokyo-Mitsubishi UFJ, retained $30 million on its books. Next, BDO Unibank and RHB Bank each contributed $15.5 million each, including a $3.5m portion that BDO booked through BDO Private Bank. Eastspring Investments, Gunma Bank and Korea Development Bank received $12 million apiece. KDB split its allocation equally with its Singapore branch. CTBC Indonesia was allotted $10 million. The rest of the 11 banks that joined the syndicate took $7 million each. They were Bank of Taiwan, Chang Hwa Commercial Bank, the Export-Import Bank of the Republic of China, Far Eastern International Bank, Hua Nan Commercial Bank ($3.5 million through overseas banking unit and $3.5 million through Singapore branch), Hyakugo Bank, KGI Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taiwan Cooperative Bank and Taiwan Shin Kong Bank. This loan carried a maturity period of three years. This loan was oversubscribed from its initial $100 million USD.