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Overview

Bank of China provides a €50 million EUR loan to Rexel for unspecified purposes

Commitments (Constant USD, 2023)$54,063,431
Commitment Year•2023Country of Activity•FranceDirect Recipient Country of Incorporation•FranceSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2023
Last repayment (originally scheduled)
Sep 1, 2026

Geospatial footprint

Map overview

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The project was a facility agreement to Rexel S.A., a French company headquartered at 13 Boulevard du Fort de Vaux, 75017 Paris, France. More detailed locational information can be found at: https://www.openstreetmap.org/way/120726151

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

  • Rexel S.A.

Loan description

Bank of China provides a €50 million EUR loan to Rexel for unspecified purposes

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

In 2023, the Bank of China (BOC) entered into a €50.0 million EUR facility agreement with Rexel S.A. — a France-incorporated company company specializing in the distribution of electrical, heating, lighting, and plumbing equipment headquartered in Paris and listed on the Paris Stock Exchange — for unspecified purposes. This loan carried a final maturity date of September 2026 (approximate maturity period of three years). As of December 31, 2023, the borrower had fully drawn down the loan.

Staff comments

1. While the precise commitment date is unknown, AidData has inferred this loan was signed in 2023 as it is not present in the 2022 report and it has fully drawn as of December 31, 2023.