Overview

Bank of China contributes to USD 1.475 billion syndicated revolving credit facility to JERA Global Markets (JERAGM) for general corporate purposes

Commitments (Constant USD, 2023)$67,045,455

Commitment Year•2023Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 1, 2023

Geospatial footprint

Map overview

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Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Cofinancing agencies

Private Sector

Australia and New Zealand Banking Group (ANZ)
DBS Bank Ltd.
Deutsche Bank AG
ING Bank N.V.
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
Natixis
Standard Chartered Bank PLC

Receiving agencies

Private Sector

JERA Global Markets Pte., Ltd.

Loan description

Bank of China contributions to USD 1.475 billion 2023 syndicated revolving credit facility for JERA Global Markets general corporate purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

In October 2023, a syndicate of 22 banks -- including Bank of China -- reached financial close on a USD 1.475 billion syndicated revolving credit facility with JERA Global Markets Pte, Ltd. (JERAGM), a Singapore-based energy trader. Proceeds from the facility will be used for general corporate purposes, exclusively in the company's LNG and related businesses. Other lending details are unknown. A total of 22 lenders contributed to the facility. ANZ, Bank of China, DBS Bank, Deutsche Bank, ING Bank, MUFG, Natixis, and Standard Chartered Bank served as the original mandated lead arrangers and bookrunners. The other lenders are unknown.

Staff comments

1. AidData is unable to ascertain the individual contributions made to the facility by each member of the syndicate, therefore equal contributions have been assumed.