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Overview

Bank of China contributes to EUR 240 million club loan to Europe Container Terminal B.V. for working capital purposes (Linked to Record ID#101907)

Commitments (Constant USD, 2023)$33,421,340
Commitment Year•2012Country of Activity•NetherlandsDirect Recipient Country of Incorporation•NetherlandsSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jul 27, 2012
Last repayment (originally scheduled)
Jul 27, 2015

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 ownershipAt least 25% Chinese ownership

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Cofinancing agencies

Private Sector

  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • ING Bank N.V.
  • Mizuho Corporate Bank, Ltd. (MHCB)
  • MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
  • SMBC Bank International PLC (formerly Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE))
  • Svenska Handelsbanken AB

State-owned Banks

  • Development Bank of Japan Inc. (DBJ)
  • KfW IPEX-Bank GmbH

State-owned Commercial Banks

  • China Construction Bank Corporation (CCB)

Receiving agencies

Private Sector

  • Europe Container Terminal B.V.

Guarantors

Private Sector

  • Hutchison Port Holdings

Loan description

EUR 240 million club loan to Europe Container Terminal B.V. (Netherlands) for working capital purposes in 2012

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

In July 2012, Bank of China contributed to an EUR 240 million club loan to Europe Container Terminal B.V. for working capital purposes. Loan terms include a maturity of three years and a guarantee by Hutchison Port Holdings. Mandated lead arrangers were Bank of China (captured in Record ID#101906), Bank of Tokyo-Mitsubishi UFJ, China Construction Bank (captured in Record ID#101907), Credit Agricole, Development Bank of Japan, ING, KfW IPEX-Bank, Mizuho, SMBC and Svenska Handelsbanken.

Staff comments

1. The individual contributions of the 10 lenders to this EUR 240 million club loan is unknown. For the time being, AidData has assumed each lender contributed equally (EUR 24 million) to the loan.