Agricultural Bank of China contributes to a $110 million syndicated loan to Banco de Crédito e Inversiones for refinancing purposes

Project narrative

In January 2021, a syndicate of 17 banks — including the Agricultural Bank of China (ABC) — entered into a $110 million USD syndicated loan agreement with Banco de Crédito e Inversiones (BCI) — a Chilean private bank — for refinancing purposes. This loan carried a maturity period of three years and an interest rate of LIBOR plus a margin of 90 basis points (bps). In addition to ABC, the following lenders contributed to the loan syndicate: Mizuho Bank, Gunma Bank, Nomura Trust & Banking, Joyo Bank, 77 Bank, the Export-Import Bank of the Republic of China, Hachijuni Bank, Hua Nan Commercial Bank (HNCB), Hyakugo Bank, Iyo Bank, Chiba Bank, Shanghai Commercial & Savings Bank (SCSB), Taishin International Bank, Taiwan Cooperative Bank, Nanto Bank, and Shikoku Bank. Mizuho was the sole mandated lead arranger and bookrunner; the other 16 lenders joined in general syndication.