Overview

BOC UK provides a loan to Indigobase Limited for unspecified purposes

Commitment Year•2013Country of Activity•United KingdomDirect Recipient Country of Incorporation•United KingdomOverseas Jurisdiction•United KingdomSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 16, 2013

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Bank of China (UK) Limited (BOC UK)

Receiving agencies

Private Sector

Indigobase Limited

Collateral providers

Private Sector

Indigobase Limited

Loan description

BOC UK provides a loan to Indigobase Limited for unspecified purposes

Interest type•Unknown

Collateral

This loan was secured by a first legal mortgage on the freehold property on 79 Rushetts Road, Crawley RH11 7NF under H M Land Registry, Title Number WSX69089 and a first fixed charge on all its rights in any policies of insurance relating to the property, the rent and the benefit of any guarantee or security in respect of the rent, the benefit of the borrower to and in the occupational leases, the benefit of all contracts, guarantees, appointments, warranties, and other documents to which the borrower is a party or in its favor or of which it has the benefit relating to any letting, development, sale, purchase, or operation of the property, and all authorizations held or required in connection with the borrower's business carried on at the property as charged by Indigobase Limited in a legal charge dated July 29, 2013.

Narrative

Full Description

Project narrative

On May 16, 2013, the Bank of China (UK) Limited (BOC UK) issued a loan offer letter to Indigobase Limited — an England and Wales-incorporated privately-held company (owned by its directors) — for unspecified purposes. This loan was secured by (i.e. collateralized against) a first legal mortgage on the freehold property on 79 Rushetts Road, Crawley RH11 7NF under H M Land Registry, Title Number WSX69089 and a first fixed charge on all its rights in any policies of insurance relating to the property, the rent and the benefit of any guarantee or security in respect of the rent, the benefit of the borrower to and in the occupational leases, the benefit of all contracts, guarantees, appointments, warranties, and other documents to which the borrower is a party or in its favor or of which it has the benefit relating to any letting, development, sale, purchase, or operation of the property, and all authorizations held or required in connection with the borrower's business carried on at the property as charged by Indigobase Limited in a legal charge dated July 29, 2013.