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Overview

ICBC contributes €192.31 million EUR to a €5 billion EUR syndicated revolving credit facility to ENGIE for unspecified purposes (Linked to Record ID#101859)

Commitments (Constant USD, 2023)$228,332,128
Commitment Year•2018Country of Activity•FranceDirect Recipient Country of Incorporation•FranceSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 13, 2018
Last repayment (originally scheduled)
Dec 12, 2023

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

  • Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Private Sector

  • Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)
  • Banco Santander, S.A. (Santander Group) (formerly Banco Santander Central Hispano, S.A.)
  • Barclays Bank PLC
  • BNP Paribas S.A.
  • BofA Securities, Inc. (Formerly Bank of America Merrill Lynch (BAML))
  • Citibank, N.A.
  • Commerzbank Aktiengesellschaft (Commerzbank AG)
  • Credit Agricole S.A. (Crédit Agricole Group)
  • Crédit Industriel et Commercial (CIC)
  • Deutsche Bank AG
  • HSBC Bank PLC
  • ING Bank N.V.
  • Intesa Sanpaolo S.P.A. (formerly Cariplo/Banca Intesa/BCI)
  • JPMorgan Chase Bank, N.A. (Chase Bank, formerly the Chase Manhattan Bank)
  • KBC Bank N.V.
  • Lloyds Bank plc (formerly Lloyds TSB Bank PLC)
  • Mizuho Bank, Ltd.
  • MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
  • Natixis
  • Royal Bank of Canada (RBC)
  • Société Générale S.A. (SocGen or Societe Generale)
  • Standard Chartered Bank PLC
  • UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.)

State-owned Banks

  • La Banque postale
  • National Westminster Bank Plc (NatWest)

Receiving agencies

Private Sector

  • Engie S.A.

Loan description

ICBC contributes €192.31 million EUR to a €5 billion EUR syndicated revolving credit facility to ENGIE for unspecified purposes

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

On December 13, 2018, financial close was reached on a deal in which a syndicate of 26 banks — including ICBC — entered into a €5.000 billion EUR ($5.68399 billion USD) syndicated revolving credit facility (RCF) agreement with Engie S.A. — a French multinational utility company with the Government of France as its largest single shareholder (23.64% stake) — for unspecified purposes. This loan carried a maturity period of five year with two one-year extension options (if both exercised, taking maturity to December 13, 2025). Each lender, including ICBC, contributed €192.31 million EUR ($218.61 million USD) to the loan syndicate. Record ID#101858 captures ICBC's contribution. In addition to ICBC, the following lenders contributed to the loan syndicate: Barclays Bank Plc, Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), BNP Paribas S.A., Bank of America Merrill Lynch (BAML), Crédit Industriel et Commercial (CIC), Citibank N.A., Commerzbank AG, Crédit Agricole Group, Deutsche Bank, HSBC Bank, ING Bank N.V., Intesa Sanpaolo S.p.A., JPMorgan Chase Bank N.A., KBC Bank N.V., La Banque Postale, Lloyds Bank, Mizuho Bank, MUFG Bank, Ltd., Natixis, National Westminster Bank Plc (NatWest), Royal Bank of Canada (RBC), Banco Santander S.A., Société Générale S.A. (SocGen), Standard Chartered Bank Plc, UniCredit S.p.A.. By July 2023, the extension options were exercised by used by the borrower, with the lenders extending loan's maturity to December 2025. Record ID#101859 captures ICBC's contribution to this debt rescheduling.