Bank of China contributes to $1.2 billion syndicated term loan facility to San Miguel for debt refinancing (Linked to Record ID#97870)

BOC and China CITIC Bank contribution to $1.2 billion syndicated loan for San Miguel Corporation for Debt Refinancing in 2007 In September 2007, a syndicate of banks -- including Bank of China and China CITIC Bank International -- reached financial close with San Miguel, a food and drinks company, on a USD 1.2 billion syndicated term loan facility for debt refinancing.

The proceeds of this loan were used by the borrower to refinances a USD 250 million five year amortizing facility arranged by DBS and Standard Chartered in November 2006, a USD 650 million loan signed in October 2005, and some peso medium term note. Bank of China's contribution is captured via Record ID#97869.

CITIC Bank International's contribution is captured via Record ID#97870.

Other members of the syndicate include bookrunners Calyon, DBS and Mizuho; mandated lead arrangers ANZ, Banco de Oro, Bank of Tokyo-Mitsubishi UFJ, BPI Capital, Citic Kahwa (now China CITIC Bank), Maybank, Mega International Commercial Bank, Sumitomo Mitsui Banking Corp and Unicredit Group; lead arrangers Aozora Bank, Bank of China, Citigroup, HSBC.

Land Bank of Philippines and Rizal Commercial Banking Corporation; and arrangers Cathay United Bank, Chinatrust Commercial Bank, E Sun Bank, Standard Chartered and Taiwan Cooperative Bank. ABN Amro is a manager.