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Overview

Bank of China contributes to a $1.7 billion AUD syndicated loan to Charter Hall Office Trust for unspecified purposes

Commitment Year•2022Country of Activity•AustraliaDirect Recipient Country of Incorporation•AustraliaSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2022

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

Private Sector

  • Australia and New Zealand Banking Group (ANZ)
  • Commonwealth Bank of Australia (CBA) (CommBank)
  • Credit Agricole S.A. (Crédit Agricole Group)
  • National Australia Bank Limited (NAB)
  • Westpac Banking Corporation

Receiving agencies

Private Sector

  • Charter Hall Office Trust (CHOT)

Loan description

Bank of China contributions to a $1.7 billion AUD syndicated loan to Charter Hall Office Trust for unspecified purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

Prior to January 2022, a syndicate of at least six banks — including the Bank of China (BOC) — entered into a $1.7 billion AUD multi-tranche senior secured syndicated facilities agreement with Charter Hall Office Trust — a real estate fund under Australian property group Charter Hall Group — for unspecified purposes. In addition to BOC, the following banks are known to have contributed to the loan syndicate: Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank Limited (NAB), and Crédit Agricole Group.

Staff comments

1. It is possible there is a substantial number of additional lenders given the face value of this loan. Thus AidData has elected to not apply its equal contributions assumption because of the high risk of overestimation if it assumed the six known lenders were the only lenders.