Bank of China (Hong Kong) contributes $10 million USD to Tranche A of a $300 million USD syndicated loan for the State Bank of India in May 2007

Bank of China (Hong Kong Branch) contribution to Tranche A of USD 300 million syndicated loan for the State Bank of India in May 2007 On May 28, 2007, a $300 million USD dual-tranche financing agreement for the Bank of India was signed as a club deal via a syndicate of 21 banks.The mandated arrangers include Banca Monte dei Paschi di Siena (Hong Kong Branch), Banco Bilbao Vizcaya Argentaria (Singapore Branch), Banco Popolare di Verona e Novara (London Branch), Bank of America (Taipei Offshore Banking Branch), Bank of China (Hong Kong), Bank of Tokyo-Mitsubishi UFJ (Singapore Branch), Barclays Capital, BNP Paribas, BRED Banque Populaire International, Calyon, Citibank (Bahrain), Credit Industriel et Commercial (Singapore Branch), Danske Bank, DBS Bank, DZ Bank, HSBC, Lehman Brothers Commercial Corp Asia, Mizuho Corporate Bank (Singapore Branch), RZB, Standard Chartered Bank and Svenska Handelsbanken.

The loan is split into a $205 million USD one-year tranche and a $95 million USD three-year tranche.

Tranche A - captured in Record ID#98322 - holds a one year maturity period and an interest rate of 5.449% (average 6-month LIBOR + 8 basis points). Loan proceeds were for general corporate purposes.

In tranche A, Lehman Brothers Commercial Corp Asia committed $25 million, with Calyon, Citibank (Bahrain), Credit Industriel et Commercial (Singapore Branch), HSBC and Standard Chartered Bank contributing $20 million each.

Bank of Tokyo-Mitsubishi UFJ and Barclays Capital held $15 million apiece, with Bank of America and Bank of China (Hong Kong) providing $10 million each.

Banca Monte dei Paschi di Siena (Hong Kong Branch), Banco Bilbao Vizcaya Argentaria (Singapore Branch), Banco Popolare di Verona e Novara (London Branch), Mizuho Corporate Bank (Singapore Branch), RZB and Svenska Handelsbanken provided $5 million apiece.