Active Commercial AidData Chinese Aid

Citic Ka Wah Bank contributes to USD 250 million syndicated loan for San Miguel Corporation (Linked to Record ID#98335)

$20.83M USD

Funder	China CITIC Bank International Limited (formerly CITIC Ka Wah Bank)
Recipient Organization	San Miguel Corporation
Country	Philippines
Start Date	Nov 01, 2006
End Date	Aug 24, 2030
Duration	8,697 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`98337`

Grant Description

BOA and China CITIC bank contribution to USD 250 million syndicated loan for San Miguel Corporation In October/November 2006, a syndicate of at least twelve banks participated in a USD 250 million syndicated loan for San Miguel Corporation, a food and drinks company. DBS Bank and Standard Chartered Bank led the loan.

Known participants include Bank of China, Bank of Taiwan, Bank of Tokyo-Mitsubishi UFJ, Cathay United Bank, CIMB, Citic Ka Wah Bank, Maybank, Mizuho Corporate Bank, Mega International Bank of China, and NordLB.

Two additional unidentified banks are reportedly expected to join the syndicate, but whether they ultimately contributed to this loan is unknown.

Since the individual contributions of the lenders are unknown, AidData assumes that the twelve known syndicate members each contributed an equal amount to the syndicate (USD 20,833,333). The borrowing terms included a five-year maturity. The contribution of Bank of China is captured in Record ID#98335 and Citic Ka Wah Bank is captured in Record ID#98337

📋 Staff Comments

1. Since the individual contributions of the lenders are unknown, AidData assumes that the twelve known syndicate members each contributed an equal amount to the syndicate (USD 20,833,333).

📚 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.