Bank of China (Hong Kong) contributes $10 million USD to $150 million USD syndicated loan for Bumiputra-Commerce Bank in August 2004
Commitment amount
$ 22776521.218866363
Adjusted commitment amount
$ 22776521.22
Constant 2021 USD
Summary
Funding agency [Type]
Bank of China (Hong Kong) Limited (BOCHK) [State-owned Commercial Bank]
Recipient
Malaysia
Sector
Banking and financial services (Code: 240)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
In August 2004, Bank of China contributed $10 million USD as a lead arranger to a $150 million USD syndicated loan for Bumiputra-Commerce Bank. The loan carried a maturity period of 364 days and was oversubscribed in syndication from its $100 million USD target. The loan was to be formally signed in the second week of August 2004 but confirmation of this signing has yet to be identified. The mandated arranger for this loan was Citigroup providing $20 million USD. Arrangers included Banca Intesa and Calyon committing $20 million apiece and Banca Monte dei Paschi di Siena, HSH Nordbank, Lloyds TSB Bank and United Overseas Bank lending $15 million each. DZ Bank joined Bank of China (Hong Kong) as a lead arranger and provided $10 million. Managers included DBS Bank and Union Bank of California with tickets of $5 million each.
Number of official sources
0
Number of total sources
1
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Citigroup [Private Sector]
Intesa Sanpaolo S.P.A. [Private Sector]
Calyon [Private Sector]
Banca Monte dei Paschi di Siena S.p.A. (MPS) (BMPS) [State-owned Bank]
Hamburg Commercial Bank (HSOB) (Formerly HSH Nordbank AG) [State-owned Bank]
Lloyds Bank [Private Sector]
United Overseas Bank Limited (UOB) [Private Sector]
DZ Bank AG [Private Sector]
DBS Bank [Private Sector]
Union Bank of California [Private Sector]
Direct receiving agencies [Type]
Bumiputra Commerce Bank (BCB) (formerly known as Commerce Asset-Holdings Berhad) [Private Sector]
Loan Details
Maturity
1 years