ICBC (Asia) contributes ¥2 billion JPY to a ¥6 billion JPY syndicated evolving credit facility to AIG Card (Thailand) for general corporate purposes

$2M USD

Funder	Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia))
Recipient Organization	AIG Card (Thailand) Company Limited
Country	Thailand
Start Date	Feb 22, 2005
End Date	Aug 14, 2026
Duration	7,843 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`98578`

Grant Description

ICBC contributions to JPY 6 billion syndicated revolving credit facility to AIG Card (Thailand) for general corporate purposes On February 22, 2005, a syndicate of three banks — Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)), HSBC Bank, and BNP Paribas S.A. — signed a ¥6 billion JPY syndicated revolving credit facility (RCF) agreement with AIG Card (Thailand) Company Limited — a Thailand-based credit card company and wholly-owned subsidiary of American International Group, Inc. (AIG) — for general corporate purposes.

This RCF carried a maturity period of three years.

Each lender contributed ¥2 billion JPY; HSBC served as mandated arranger while BNP Paribas and ICBC Asia contributed as lead managers.

📚 Sources & References

Thailand 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.