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Overview

Bank of China contributes to €2.5 billion EUR syndicated revolving credit facility to CRH plc for general corporate purposes

Commitments (Constant USD, 2023)$179,030,991
Commitment Year•2014Country of Activity•IrelandDirect Recipient Country of Incorporation•IrelandSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 14, 2014
Last repayment (originally scheduled)
Jun 13, 2019

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

  • Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)
  • Barclays Bank PLC
  • BNP Paribas S.A.
  • BofA Securities, Inc. (Formerly Bank of America Merrill Lynch (BAML))
  • Citibank, N.A.
  • Commerzbank Aktiengesellschaft (Commerzbank AG)
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • Danske Bank A/S
  • HSBC Bank PLC
  • ING Bank N.V.
  • JPMorgan Chase Bank, N.A. (Chase Bank, formerly the Chase Manhattan Bank)
  • Santander Bank, N. A. (formerly Sovereign Bank)
  • Société Générale S.A. (SocGen or Societe Generale)
  • Standard Chartered Bank PLC
  • UBS Group AG
  • UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.)
  • Wells Fargo Bank N.A.

State-owned Banks

  • Royal Bank of Scotland (RBS)

Receiving agencies

Private Sector

  • CRH plc

Loan description

In 2014, Bank of China contributes to €2.5 billion EUR syndicated revolving credit facility to CRH plc for general corporate purposes

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

On June 11, 2014, a syndicate of 19 banks — including the Bank of China (BOC) — entered into a €2.5 billion EUR syndicated revolving credit facility (RCF) agreement with CRH plc — an Irish construction and building materials company — for general corporate purposes. The RCF carried a maturity period of five years. The RCF included the following lenders: BNP Paribas S.A., Bank of America Merrill Lynch, BOC, Barclays Bank plc, Commerzbank, Crédit Agricole Corporate and Investment Bank, Danske Bank, HSBC Bank PLC, ING Bank, JP Morgan, Royal Bank of Scotland, Société Générale S.A., Santander, and UniCredit as bookrunners, in addition to Banco Bilbao Vizcaya Argentaria (BBVA), Citi, Standard Chartered, UBS, and Wells Fargo Securities as arrangers.

Staff comments

1. The individual contributions of the 19 lenders to this €2.5 billion EUR syndicated revolving credit facility is unknown. For the time being, AidData has estimated BOC's contribution by assuming that each lender contributed equally (€131,578,947.368 EUR) to the loan syndicate.