Halcyon Agri Corp's International Syndicated Loan Product for Financial Support of "Belt and Road" "Going Global" Enterprises

Summary： HALCYON AGRI CORPORATION LIMITED (hereinafter referred to as Halcyon Agri) was established on April 7, 2005, with a registered capital of SGD 952.655 million. It is listed on the Mainboard of the Singapore Exchange (SGX). The company primarily engages in the cultivation, processing, sales, and trading of natural rubber and latex. It owns 4 plantations and 37 processing plants globally, employing over 15,000 staff, with 37,800 hectares of rubber plantations and an annual production capacity of approximately 1.429 million tons. It has established an integrated industrial chain covering cultivation, processing, and sales, with a presence in major global regions. Halcyon Agri's cultivation operations are primarily located in Cameroon, where it owns the world's largest commercial plantation. Its processing facilities are situated in Indonesia, Thailand, and China, ranking second globally in natural rubber processing volume. Its sales network covers Europe, North America, and Asia. By connecting and integrating businesses across the entire natural rubber value chain, Halcyon Agri has become a leader in sustainable development within the natural rubber industry, having obtained product certifications from over 22 world-renowned tire manufacturers. In 2023, due to a change in its major shareholders, Halcyon Agri needed to restructure its offshore syndicated loan in the short term to supplement its working capital liquidity. This syndicated loan facility sought USD 300 million, priced based on overnight SOFR, with a one-year tenure. Following the shareholding change, Halcyon Agri's two major shareholders, Sinochem International (Holdings) Co., Ltd. and China Hainan Rubber Industry Group Co., Ltd. (Hainan Rubber), are key clients of the Shanghai Branch and Haikou Branch, respectively. Upon learning of the client's needs, our bank acted promptly, engaged in thorough communication. With the strong support of China Everbright Bank Head Office and by coordinating with Haikou Branch, our bank has innovatively adopted the internal joint lending model through the free trade sub-accounting unit to provide Halcyon Agri with a syndicated loan of USD 60 million. Under the guidance of the Head Office throughout the process, the Haikou and Shanghai Branches enhanced coordination, maintained alignment in funding sources, operational procedures, pricing approval, and external communications. Leveraging the free trade accounting unit and adhering to international practices and USD clearing regulations, the bank successfully completed the fund disbursement and transfer in a timely manner.