Active Commercial AidData Chinese Aid

ICBC contributes to the BHT 30 billion tranches of a dual-currency syndicated loan to Charoeon Pokphand Group for refinancing and expansion purposes (Linked to Record ID#105348)

$3.75M USD

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	Charoen Pokphand Group (CP)
Country	Thailand
Start Date	Mar 18, 2011
End Date	Dec 30, 2030
Duration	7,227 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`102769`

Grant Description

March 2011 dual-currency syndicated loan to Charoeon Pokphand Group for refinancing and expansion purposes in Thailand Between March 11 and 17, 2011, a syndicate of eight banks — including the Industrial and Commercial Bank of China (ICBC) — signed a multi-currency syndicated loan agreement with Charoeon Pokphand Group — a Thai conglomerate based in Bangkok — for refinancing and expansion purposes.

This loan carried a maturity period of seven years and was divided into three tranches: a BHT 20 billion tranche, a BHT 10 billion tranche, and a $500 million facility tranche. The proceeds were to be used by the borrower to refinance existing indebtedness and to support business expansion. Siam Commercial Bank was sole bookrunner.

Krungthai Bank joined as a mandated lead arranger.

Bank of Ayudhya, Export-Import Bank of Thailand, Government Savings Bank, ICBC, Thanachart Bank, and UOB joined as participants. Record ID#102769 captures ICBC's contribution to the combined BHT 30 billion tranches. Record ID#105348 captures ICBC's contribution to the $500 million facility tranche.

📋 Staff Comments

1. The individual contributions of the eight lenders to this BHT 20 billion tranche, a BHT 10 billion tranche, and a $500 million facility tranche are unknown. For the time being, to estimate BOC's contribution, AidData has assumed that each lender contributed equally (THB 3,750,000,000 and $62,500,000 USD) to the loan syndicate, divided into separate records assuming BOC contributed to both and because of the different transaction amounts.

📚 Sources & References

Loan Week
March 11-17 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.