Overview

ICBC (Asia) contributes ¥2 billion JPY to a ¥6 billion JPY syndicated evolving credit facility to AIG Card (Thailand) for general corporate purposes

Commitments (Constant USD, 2023)$36,394,263

Commitment Year•2005Country of Activity•ThailandDirect Recipient Country of Incorporation•ThailandOverseas Jurisdiction•Hong Kong (China)Sector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Feb 22, 2005

Last repayment: Feb 22, 2008

Stakeholders

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

Funding agencies

State-owned Commercial Banks

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

Cofinancing agencies

Private Sector

BNP Paribas S.A.
HSBC Bank PLC

Receiving agencies

Private Sector

AIG Card (Thailand) Company Limited

Loan desecription

ICBC contributions to JPY 6 billion syndicated revolving credit facility to AIG Card (Thailand) for general corporate purposes

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

On February 22, 2005, a syndicate of three banks — Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)), HSBC Bank, and BNP Paribas S.A. — signed a ¥6 billion JPY syndicated revolving credit facility (RCF) agreement with AIG Card (Thailand) Company Limited — a Thailand-based credit card company and wholly-owned subsidiary of American International Group, Inc. (AIG) — for general corporate purposes. This RCF carried a maturity period of three years. Each lender contributed ¥2 billion JPY; HSBC served as mandated arranger while BNP Paribas and ICBC Asia contributed as lead managers.