Lately, Basis Point, an authoritative media under Reuters, released its 2013 ranking by syndicated loan, and Bank of China sat on top consecutively as a lead bank of syndicated loans in the Asia-Pacific region.
According to the statistics from Reuters, Bank of China led 214 syndicated loans in Asia-Pacific markets (except Japan) in 2013, amounting to US$31.9 billion in total. In addition, Bank of China (Hong Kong) ranked first as the lead bank of syndicated loans in Hong Kong and Macau once again, while the Singapore and Sydney Branches of BOC made into the top ten in Singaporean and Australian markets.
In 2013, BOC led a number of large-scale syndicated projects, including a US$32.5 billion loan project for Rosneft Oil, a US$6 billion loan project for China National Offshore Oil Corporation's merger of Nexen Inc. in Canada, and a US$4 billion loan project for Shuanghui International’s merger of Smithfield Foods in the US, which constantly boosted the market position and brand influence of BOC.
As one of the most important financing methods in the international financial market, syndicated loans can effectively lower the risk of concentration and save capital. BOC was the first to set up a professional team for syndicated loan business in the early 1980s. In 2007, BOC established three syndicated loan centers around the world, namely, the Asia-Pacific, European-African and American syndicated loan centers. Through years of development, these syndicated loan centers have shaped regional specialized operation platforms with coordinated marketing capabilities and core competitive strength.
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