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Overview

ICBC (Asia) participates in a USD $650 million syndicated loan to San Miguel Corporation

Commitments (Constant USD, 2023)$60,129,916
Commitment Year•2005Country of Activity•PhilippinesDirect Recipient Country of Incorporation•PhilippinesOverseas Jurisdiction•Hong Kong (China)Sector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Sep 1, 2005
Last repayment (originally scheduled)
Aug 31, 2010

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

  • Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia))

Cofinancing agencies

Private Sector

  • ABN AMRO Bank NV
  • Barclays Corporate and Investment Bank (Formerly Barclays Capital)
  • BNP Paribas S.A.
  • Bumiputra Commerce Bank (BCB) (formerly known as Commerce Asset-Holdings Berhad)
  • Chiao Tung Bank Company Ltd.
  • Citigroup Inc.
  • Commerzbank Aktiengesellschaft (Commerzbank AG)
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • DBS Bank Ltd.
  • HSBC (Hong Kong and Shanghai Banking Corporation)
  • HypoVereinsbank (HVB)
  • ING Bank N.V.
  • Korea Exchange Bank (KEB)
  • Malayan Banking Berhad (Maybank)
  • Mizuho Corporate Bank, Ltd. (MHCB)
  • MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
  • Standard Chartered Bank PLC
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • Sumitomo Trust & Banking Co
  • Taiwan Business Bank (TBB)

State-owned Banks

  • Norddeutsche Landesbank Girozentrale (NORD/LB)

State-owned Commercial Banks

  • China CITIC Bank International Limited (formerly CITIC Ka Wah Bank)

Receiving agencies

Private Sector

  • San Miguel Corporation

Loan description

ICBC (Asia) participates in a USD $650 million syndicated loan to San Miguel Corporation in 2005

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

In September 2005, ICBC participated in a $650 million USD syndicated loan to San Miguel Corporation. ICBC (Asia) contributed $30 million USD in a 23-bank syndicate as lead arranger. This loan carried a maturity period of five years and reached financial close in late September 2005, with signing for October 2005. Mandated lead arrangers ABN Amro, Barclays Capital, BNP Paribas, Calyon, Citigroup, HSBC, ING Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp had a final take of $38.8m each and Mizuho Corporate Bank held $36.6m. Lead arrangers are Maybank committing $36m and DBS Bank, HVB and ICBC Asia lending $30m apiece. Arrangers are Bumiputra-Commerce Bank contributing $30m and Citic Ka Wah Bank, Commerzbank and Sumitomo Trust & Banking providing $20m each. Co-arrangers include Bank of Tokyo-Mitsubishi and Taiwan Business Bank pledging $15m apiece, NordLB taking $10m, Korea Exchange Bank lending $5m and Chiao Tung Bank with a ticket of $3m.