ICBC participates in a USD $650 million syndicated loan to San Miguel Corporation
Commitment amount
$ 65107000.48842447
Adjusted commitment amount
$ 65107000.49
Constant 2021 USD
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [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 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.
Number of official sources
0
Number of total sources
2
Details
Cofinanced
Yes
Cofinancing agencies [Type]
ABN AMRO Bank [Private Sector]
Barclays Corporate and Investment Bank (Formerly Barclays Capital) [Private Sector]
BNP Paribas S.A. [Private Sector]
Calyon [Private Sector]
Citigroup [Private Sector]
HSBC (Hong Kong and Shanghai Banking Corporation) [Private Sector]
ING Bank N.V. [Private Sector]
Standard Chartered Bank PLC [Private Sector]
Sumitomo Mitsui Banking Corporation [Private Sector]
Mizuho Corporate Bank, Ltd. (MHCB) [Private Sector]
Malayan Banking Berhad (Maybank) [Private Sector]
DBS Bank [Private Sector]
HypoVereinsbank (HVB) [Private Sector]
Bumiputra Commerce Bank (BCB) (formerly known as Commerce Asset-Holdings Berhad) [Private Sector]
China CITIC Bank International Limited (formerly CITIC Ka Wah Bank) [State-owned Commercial Bank]
Commerzbank [Private Sector]
Sumitomo Trust & Banking [Private Sector]
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU)) [Private Sector]
Taiwan Business Bank (TBB) [Private Sector]
Norddeutsche Landesbank Girozentrale (NORD/LB) [State-owned Bank]
Korea Exchange Bank (KEB) [Private Sector]
Chiao Tung Bank Company Ltd. [Miscellaneous Agency Type]
Direct receiving agencies [Type]
San Miguel Corporation [Private Sector]
Loan Details
Maturity
5 years