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Bank of China (Hong Kong) contributes $10 million USD to $150 million USD syndicated loan for Bumiputra-Commerce Bank in August 2004
| Funder | Bank of China (Hong Kong) Limited (BOCHK) |
|---|---|
| Recipient Organization | Bumiputra Commerce Bank (BCB) (formerly known as Commerce Asset-Holdings Berhad) |
| Country | Malaysia |
| Start Date | Aug 01, 2004 |
| End Date | Jan 18, 2030 |
| Duration | 9,301 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 98664 |
Grant Description
Bank of China (Hong Kong) contributes to USD 150 million 2004 syndicated loan for Bumiputra-Commerce Bank In August 2004, Bank of China contributed $10 million USD as a lead arranger to a $150 million USD syndicated loan for Bumiputra-Commerce Bank. The loan carried a maturity period of 364 days and was oversubscribed in syndication from its $100 million USD target.
The loan was to be formally signed in the second week of August 2004 but confirmation of this signing has yet to be identified. The mandated arranger for this loan was Citigroup providing $20 million USD.
Arrangers included Banca Intesa and Calyon committing $20 million apiece and Banca Monte dei Paschi di Siena, HSH Nordbank, Lloyds TSB Bank and United Overseas Bank lending $15 million each. DZ Bank joined Bank of China (Hong Kong) as a lead arranger and provided $10 million. Managers included DBS Bank and Union Bank of California with tickets of $5 million each.
Sources & References
Asian Loan Commentary 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
Bumiputra Commerce Bank (BCB) (formerly known as Commerce Asset-Holdings Berhad)
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