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CCB Singapore leads syndicated loan project for the first time, USD270 million loan to Halcyon Agri signed
Published time: 2021-05-12

SingaporeMay 12, 2021 - China Construction Bank Singapore Branch (“CCB Singapore” or the “Branch”) has successfully led a syndicated loan project (the “Project”) for the USD270 million loan to Halcyon Agri Corporation Limited (“Halcyon”). CCB Singapore acted as the Original Mandated Lead Arranger and Bookrunner (MLAB). The Project marked the first time that CCB Singapore led a syndicated loan project, which strengthened its foothold as a qualifying full bank in the Singapore market.

 

The signing ceremony of the Project was held on April 30, 2021, at CCB Singapore’s office. Ms. Ren Dongyan, General Manager of CCB Singapore, Mr. Li Xuetao, CEO of Halcyon, and other representatives of relevant parties, participated in the signing ceremony.


 

Halcyon is a leading supply chain franchise of natural rubber headquartered in Singapore. It owns 38 processing factories in most major rubber producing origins such as Indonesia, Malaysia, Thailand, China and Africa, and produces sustainable natural rubber. Leveraging its extensive network of warehouses, terminals, laboratories and sales offices in Southeast Asia, China, South Africa, Europe, and USA, it distributes a range of natural rubber grades, latex and specialised rubber for the tyre and non-tyre industries. Halcyon commands a leading market share globally with a production capacity of 1.6 million metric tonnes and distribution volume of over 2 million metric tonnes per annum.

 

The syndicated loan will support Halcyon’s sustainable development projects, including ecological environmental protection, establishment of a chemical-free discharge system, and improvement of the waste recovery and recycling process.

 

It has been an important achievement for CCB Singapore to originate and lead the Project as the Branch seeks strategic transformation and growth after it was awarded the Qualifying Full Bank (“QFB”) license by the Monetary Authority of Singapore in December 2020. The Project, while assisting the customer in their financing needs, also highlighted CCB SG’s strength and enhanced its influence in the syndicated loan market in Singapore.

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