Overview

Bank of China (Malaysia) contributes $15 million USD of $350 million syndicated loan to Maybank

Commitments (Constant USD, 2023)$28,147,741

Commitment Year•2006Country of Activity•MalaysiaDirect Recipient Country of Incorporation•MalaysiaOverseas Jurisdiction•MalaysiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 13, 2006

Start (planned): Mar 13, 2006

Start (actual): Mar 13, 2006

Last repayment (originally scheduled): Mar 12, 2011

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Bank of China (Malaysia) Berhad

Cofinancing agencies

Private Sector

Barclays Corporate and Investment Bank (Formerly Barclays Capital)
Citigroup Inc.
Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
Fortis Bank
KBC Bank N.V.
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
Sumitomo Mitsui Trust Bank, Limited (SMTB)

State-owned Banks

Bayerische Landesbank (BayernLB)
Landesbank Baden-Württemberg (LBBW)
Norddeutsche Landesbank Girozentrale (NORD/LB)

State-owned Commercial Banks

Bank of China (Hong Kong) Limited (BOCHK)

Receiving agencies

Private Sector

Malayan Banking Berhad (Maybank)

Loan description

Bank of China (Malaysia and Hong Kong) contributions to USD 350 million syndicated loan to Maybank in Malaysia in 2006

Grant element•9.4278%Interest rate (t₀)•5.229%Interest type•Fixed Interest RateMaturity•5 years

Narrative

Full Description

Project narrative

On March 13, 2006, Malayan Banking Berhad (Maybank) signed an agreement for a USD $350 million syndicated term loan. This loan carried a maturity period of 5 years and an interest rate of LIBOR + 18 basis points. The loan was financially closed as of March 10, 2006. Bank of China (Malaysia) contributed $15 million USD as an arranger and Bank of China (Hong Kong) (BOCHK) contributed $10 million USD as a co-arranger. The exact purpose of the loan was unclear. The loan had 11 banks in the syndicate. Lead arrangers BayernLB lent $50 million. Barclays Capital and Citigroup lent $32.5 million each. Bank of Tokyo-Mitsubishi UFJ, Calyon, Fortis Bank (Hong Kong), KBC Bank, LBBW (Singapore), NordLB (Singapore), and Sumitomo Trust & Banking contributed $30 million apiece.

Staff comments

1. To calculate the interest rate AidData took the average 6 month LIBOR for March 2006 and added 18 basis points. Libor was 5.049 % and + 0.18% = 5.229%.