On 20 March 2009, Yantian International Container Terminals (YICT) and Yantian International Container Terminals (Phase III) Limited (YICT Phase III) announced that they had separately signed five-year multi-currency term loan facilities (the Facilities) with a consortium of banks including the Shenzhen branches of Bank of China, Industrial and Commercial Bank of China and China Construction Bank. According to the Facilities, the consortium will provide loan facilities totaling HK$5 billion to YICT and YICT Phase III in a combination of Hong Kong dollars, US dollars and Renminbi. These facilities will be used to repay bank loans and finance the construction, operation and development of the Phase I, II and III projects of Yantian Port.
The Facilities will play an important role in the construction and sustainable development of container terminals at Yantian Port.
The consortium includes the following banks:
For YICT:
Coordinating Arranger
Bank of China Shenzhen Branch
China Construction Bank Shenzhen Branch
Arranger
Industrial and Commercial Bank of China Shenzhen Branch
Facility Agent
Bank of China Shenzhen Branch
For YICT Phase III:
Coordinating Arranger
Industrial and Commercial Bank of China Shenzhen Branch
China Construction Bank Shenzhen Branch
Arranger
Bank of China Shenzhen Branch
Facility Agent
Industrial and Commercial Bank of China Shenzhen Branch
Photo Captions:From left to right: Zhao Zhiran, General Manager of Group Customer Department of China Construction Bank Shenzhen Branch; Han Zhu, General Manager of Business Department of Bank of China Shenzhen Branch; Hai Chi Yuet, Managing Director of YICT; and Yao Yuping, General Manager of Business Department of Industrial and Commercial Bank of China Shenzhen Branch, sign the Facilities
Zheng Hongjie (back row third from right), Chairman of the Board of Shenzhen Yantian Port Group, and James S. Tsien (back row central), Group Executive Director, HPH, attend the signing ceremony