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Overview

Bank of China (Hong Kong) contributes $10 million USD to $150 million USD syndicated loan for Bumiputra-Commerce Bank in August 2004

Commitments (Constant USD, 2023)$21,037,363
Commitment Year•2004Country of Activity•MalaysiaDirect Recipient Country of Incorporation•MalaysiaOverseas Jurisdiction•Hong Kong (China)Sector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 1, 2004
Last repayment (originally scheduled)
Jul 28, 2005

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

  • Bank of China (Hong Kong) Limited (BOCHK)

Cofinancing agencies

Private Sector

  • Citigroup Inc.
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • DBS Bank Ltd.
  • DZ Bank AG
  • Intesa Sanpaolo S.P.A. (formerly Cariplo/Banca Intesa/BCI)
  • Lloyds Bank plc (formerly Lloyds TSB Bank PLC)
  • MUFG Union Bank, N.A. (formerly Union Bank of California, N.A.)
  • United Overseas Bank Limited (UOB)

State-owned Banks

  • Banca Monte dei Paschi di Siena S.p.A. (MPS) (BMPS)
  • Hamburg Commercial Bank (HSOB) (Formerly HSH Nordbank AG)

Receiving agencies

Private Sector

  • Bumiputra Commerce Bank (BCB) (formerly known as Commerce Asset-Holdings Berhad)

Loan description

Bank of China (Hong Kong) contributes to USD 150 million 2004 syndicated loan for Bumiputra-Commerce Bank

Interest type•UnknownMaturity•0.99 years

Narrative

Full Description

Project narrative

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.