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ICBC (Asia) participates in a USD $650 million syndicated loan to San Miguel Corporation
| Funder | Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)) |
|---|---|
| Recipient Organization | San Miguel Corporation |
| Country | Philippines |
| Start Date | Sep 01, 2005 |
| End Date | Jul 11, 2033 |
| Duration | 10,175 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 98570 |
Grant Description
ICBC (Asia) participates in a USD $650 million syndicated loan to San Miguel Corporation in 2005 In September 2005, ICBC participated in a $650 million USD syndicated loan to San Miguel Corporation. ICBC (Asia) contributed $30 million USD in a 23-bank syndicate as lead arranger.
This loan carried a maturity period of five years and reached financial close in late September 2005, with signing for October 2005.
Mandated lead arrangers ABN Amro, Barclays Capital, BNP Paribas, Calyon, Citigroup, HSBC, ING Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp had a final take of $38.8m each and Mizuho Corporate Bank held $36.6m. Lead arrangers are Maybank committing $36m and DBS Bank, HVB and ICBC Asia lending $30m apiece.
Arrangers are Bumiputra-Commerce Bank contributing $30m and Citic Ka Wah Bank, Commerzbank and Sumitomo Trust & Banking providing $20m each.
Co-arrangers include Bank of Tokyo-Mitsubishi and Taiwan Business Bank pledging $15m apiece, NordLB taking $10m, Korea Exchange Bank lending $5m and Chiao Tung Bank with a ticket of $3m.
Sources & References
- Asia Pacific Syndicated Loans
- Asia Pacific Syndicated Loans 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.
All Grantees
San Miguel Corporation
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