Bank of China contributes to $90 million syndicated loan for Petron Corp

$6.43M USD

Funder	Bank of China (BOC)
Recipient Organization	Petron Corporation
Country	Philippines
Start Date	Mar 01, 2007
End Date	Nov 30, 2033
Duration	9,771 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`104675`

Grant Description

Bank of China contributes to $90 million syndicated loan for refinancing purposes in 2007 In March 2007, Petron Corp signed a $90 million syndicated loan for refinancing purposes. The mandated lead arrangers of the loan were Citigroup, ING, Samba Financial and DZ Bank. Arrangers included the Bank of Tokyo-Mitsubishi, Mizuho and Saudi Investment Bank.

Participants were the Arab Petroleum Investment Corp and the Bank of China.

Bank of Tokyo-Mitsubishi, BNP Paribas, Chinatrust Commercial Bank, Cathay United Bank, Citigroup, DZ Bank, ING, Mega International Commercial Bank, Mizuho, NordLB, Samba Financial Group and Saudi Investment Bank.

📋 Staff Comments

1. Aiddata estimates the transaction amount assuming that each financer contributed equally.

📚 Sources & References

Philippines 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.