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Bank of China contributes $5.5 million to a $100 million syndicated loan to Thai Union Frozen Products for unspecified purposes
| Funder | Bank of China (Thai) Public Company Limited |
|---|---|
| Recipient Organization | Thai Union Frozen Products PCL |
| Country | Thailand |
| Start Date | Mar 01, 2006 |
| End Date | Feb 24, 2029 |
| Duration | 8,396 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 103021 |
Grant Description
Bank of China contributions to USD 100 million syndicated loan to Thai Union Frozen Products for unspecified purposes In early March 2006, a syndicate of eight banks — including the Bank of China (Bangkok) — entered into a $100 million term loan agreement with Thai Union Frozen Products — a Thailand-based publicly traded company focused on producing and exporting frozen and canned seafood — for unspecified purposes.
This loan carried a maturity period of five years. Bank of China (Bangkok) joined in on the loan as a manager contributing $5.5 million.
Other lenders Calyon ($16 million), Bank of Nova Scotia ($15 million), BNP Paribas ($15 million), Mizuho Corporate Bank ($15 million), and Rabobank ($15 million), acted as mandated lead arrangers.
Additionally, Sumitomo Mitsui Banking Corporation ($9.5 million) and Sumitomo Trust & Banking ($8 million) served as arrangers for the agreement, making for a total of eight contributors.
Sources & References
Loan week A round up of the latest syndicated loan market news 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.
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Thai Union Frozen Products PCL
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