ICBC (Asia) contributes ¥2 billion JPY to a ¥6 billion JPY syndicated loan to AIG Card (Thailand) for general corporate purposes
Commitment amount
$ 39406696.0334249
Adjusted commitment amount
$ 39406696.03
Constant 2021 USD
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)) [State-owned Commercial Bank]
Recipient
Thailand
Sector
Business and other services (Code: 250)
Flow type
Loan
Level of public liability
Unallocable
Infrastructure
No
Category
Project lifecycle
Description
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 loan 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 loan carried a maturity period of three years and was a revolving credit facility (RCF). Each lender contributed ¥2 billion JPY; HSBC served as mandated arranger while BNP Paribas and ICBC Asia contributed as lead managers.
Additional details
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
HSBC Bank PLC [Private Sector]
BNP Paribas S.A. [Private Sector]
Direct receiving agencies [Type]
AIG Card (Thailand) Company Limited [Private Sector]
Loan Details
Maturity
3 years