Overview

Bank of China provides a revolving credit facility to an unspecified real estate developer to support its project development business

Commitment Year•2020Country of Activity•GermanyDirect Recipient Country of Incorporation•GermanyOverseas Jurisdiction•GermanySector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2020

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)

Receiving agencies

Private Sector

Unspecified Real Estate Developer

Loan description

Bank of China provides a revolving credit facility to an unspecified real estate developer to support its project development business

Interest type•Unknown

Narrative

Full Description

Project narrative

In January 2020, the Frankfurt Branch of the Bank of China (BOC) issued a revolving credit facility (RCF) at the corporate-level to an unspecified listed real estate developer (presumably based in Germany) to support the borrower's project development business. The drawn borrowings under the RCF was available to be repaid by equity or respective project financing. ACXIT Real Estate acted as the exclusive financial advisor to the borrower.