Overview

Bank of China contributes to $142.2 million syndicated loan to Bernhard Schulte GmbH for three ships (linked to Record ID#100692)

Commitments (Constant USD, 2023)$80,804,947

Commitment Year•2011Country of Activity•GermanyDirect Recipient Country of Incorporation•GermanySector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2011

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 (BOC)

Cofinancing agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Private Sector

Bernhard Schulte Shipmanagement

Loan description

In 2011, Bank of China and China Eximbank contribute to $142.2 million syndicated loan to Bernhard Schulte GmbH for three ships

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2011, Bank of China contributed to a $142.2 million syndicated loan to Bernhard Schulte GmbH for the acquisition of three 9,000 TEU ships to be built at the Shanghai Jiangnan Changxing Heavy Industry Shipyard. The syndicate included China Eximbank, whose contribution is captured in Record ID#100692.

Staff comments

1. The individual contributions of the 2 known lenders to this $142.2 million syndicated loan are unknown. For the time being, AidData has assumed that each lender contributed equally ($71.1 million) to the loan.