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Overview

Agricultural Bank of China contributes $20 million SGD syndicated revolving credit facility agreement with Macquarie International Infrastructure Trust for unspecified purposes

Commitments (Constant USD, 2023)$22,052,776
Commitment Year•2007Country of Activity•SingaporeDirect Recipient Country of Incorporation•BermudaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 17, 2007
Last repayment (originally scheduled)
Aug 16, 2008

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

  • Agricultural Bank of China (ABC)

Cofinancing agencies

Private Sector

  • Australia and New Zealand Banking Group (ANZ)
  • DBS Bank Ltd.
  • Westpac Banking Corporation

State-owned Banks

  • CIMB Bank Berhad

Receiving agencies

Private Sector

  • Macquarie International Infrastructure Trust (MIIF)

Loan description

Agricultural Bank of China contributions to SGD 100 million 2007 syndicated revolving credit facility for unspecified purposes with Macquarie International Infrastructure Trust

Interest type•UnknownMaturity•1 years

Narrative

Full Description

Project narrative

Between August 11 and 17, 2007, a syndicate of five banks — the Agricultural Bank of China (ABC), DBS Bank, Westpac Banking Corporation, Australia and New Zealand Banking Group (ANZ), and CIMBC Bank Berhad — entered into a $100 million SGD syndicated revolving credit facility (RCF) with Macquarie International Infrastructure Trust (MIIF) — a Singapore-listed infrastructure trust affiliated with Australia's Macquarie Group — for unspecified purposes. This loan carried a maturity period of one year. DBS Bank committed $40 million SGD as a mandated lead arranger, Westpac contributed $20 million SGD, ANZ contributed $10 million SGD, and CIMB Bank contributed $10 million SGD as a manager.