ICBC contributes to USD 700 million dual-tranche syndicated revolving credit facility to Mercuria Energy Trading Pte Ltd for debt refinancing and general corporate purposes in 2012 (linked to Record ID#99206)

Project narrative

In December 2012, a group of 42 banks — including ICBC and Bank of China — reached financial close on a USD 700 million dual-tranche syndicated revolving credit facility with Mercuria Energy Trading Pte Ltd, a Singapore-based trader of crude oil and refined oil products. Proceeds from the facility will be used for debt refinancing and general corporate purposes. The facility consists of a USD 505 million 364-day revolving credit facility and a USD 195 million three-year revolving credit facility. This facility refinances the 2011 facility (Record ID#99200). Other lending details are unknown. ICBC's contribution is captured via Record ID#99205. BOC's contribution is captured via Record ID#99206. ANZ, BNP Paribas, DBS, First Gulf Bank, HSBC, ICBC, ING Bank, RBS, Societe Generale, Standard Chartered, SMBC, Bank of China, Emirates NBD, and Rabobank served as mandated lead arrangers. Arab Petroleum Investments Corp, Bank of Baroda, Bank of East Asia, Commonwealth Bank of Australia, Indian Overseas Bank, United Overseas Bank, and Westpac served as lead arrangers. Bank of Tokyo-Mitsubishi UFJ, Banco do Brasil, British Arab Commercial Bank, J.P. Morgan, Qatar National Bank, Raiffeisen Bank International, and Zenith Bank served as arrangers. 14 other banks joined the facility at lower tiers.