The US$500million Syndicated Loan Helps Sustained Rapid Business Growth of The Export-Import Bank of China

2006-07-04

The Export-Import Bank of China signed an onshore syndicated loan agreement worth US$500 million in Beijing on July,4, under which Calyon Corporate and Investment Bank, ING Wholesale Banking and Standard Chartered Bank acted as mandated lead arrangers, Standard Chartered Bank as agent, and 13 Chinese banks and Chinese branches of foreign banks including Shanghai Branch of Barclays and Mizuho Bank,Beijing Branch of Tokyo-Mitsubishi UFJ and China Merchants Bank served as underwriters. The Export-Import Bank of China issued US$1 billion global bond in July 2005. Another US$500 million bond was launched onshore in November in the same year. In February 2006, the bank arranged a US$260,000,000 onshore syndication loan by expanding financing channels in both the domestic and overseas markets.