Overview

ICBC contributes to a multi-currency term loan to Lidl Great Britain Limited for unspecified purposes

Commitment Year•2021Country 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: Jul 1, 2021

Geospatial footprint

Map overview

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Stakeholders

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

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Receiving agencies

Private Sector

Lidl Great Britain Limited

Loan description

ICBC contributes to a multi-currency term loan to Lidl Great Britain Limited for unspecified purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

In July 2021, a syndicate of banks — including the London Branch of the Industrial and Commercial Bank of China (ICBC) — entered into a multi-currency term finance facility consisting of a £280 million GBP tranche, a $70 million USD tranche, and a €95 million EUR tranche for Lidl Great Britain Limited — an England-incorporated food retailer wholly owned by immediate parent Germany-incorporated Lidl U.K. GmbH and ultimate parent and controlling party is Germany-incorporated supermarket Lidl Stiftung & Co. KG — for unspecified purposes. ICBC London Branch served as lead arranger, coordinator, and bookrunner.

Staff comments

1. This loan may have featured other arms of Lidl as borrowers considering the United States dollar and euro denominated tranches.