In collaboration with our Head Office, following our Branch’s successful participation in COFCO’s subsidiary - Nidera’s syndicated loan facility earlier last year, we participated as Mandated Lead Arrangers in two syndication loans by another COFCO’s subsidiary – COFCO Agri Limited. COFCO is a core and industry-focused customer of our Head Office.

COFCO Agri Limited was acquired 51% (and subsequently became a wholly-owned subsidiary) by a COFCO led consortium last year, to become COFCO’s principal international origination platform, enabling COFCO’s upstream origination and trading operations link to its downstream processing and distribution capabilities.

With two consecutive participation in COFCO group’s syndication, this demonstrates ABC Bank’s successful internationalisation strategy and providing global banking services to Chinese corporates venturing out of China.