Overview

Bank of China contributes $13 million to a $94.08 USD million syndicated term loan to Mosbarron for unspecified purposes

Commitments (Constant USD, 2023)$27,348,572

Commitment Year•2004Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 1, 2004

Last repayment (originally scheduled): Apr 30, 2010

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

Bank of China (BOC)

Cofinancing agencies

Private Sector

Bank of East Asia Limited (BEA)
Bumiputra Commerce Bank (BCB) (formerly known as Commerce Asset-Holdings Berhad)
Hua Nan Commercial Bank, Ltd. (HNCB)
Standard Chartered Bank PLC

State-owned Banks

Norddeutsche Landesbank Girozentrale (NORD/LB)
WestLB AG

Receiving agencies

Private Sector

Mosbarron Ltd.

Loan description

Bank of China contributions to USD 94.08 million 2004 syndicated term loan for unspecified purposes with Mosbarron

Interest type•UnknownMaturity•5.8333 years

Narrative

Full Description

Project narrative

In July 2004, a syndicate of five banks — including the Bank of China (BOC) — reached financial close on a USD 94.08 million term loan facility to Norway-based Mosbarron Ltd. — a subsidiary of Awilco AS a Norwegian shipowner — for unspecified purposes. The term loan has a maturity of five years and 10 months, carrying an unknown interest rate. BOC committed $13 million USD. In addition to BOC, the following lenders contributed the respective amounts: Standard Chartered Bank (as mandated lead arranger) ($20.08 million USD), NordLB ($19 million USD), Bumiputra Commerce Bank ($15 million USD), WestLB ($13 million USD), Bank of East Asia ($7 million USD), and Hua Nan Commercial Bank ($7 million USD).