Bank of China contributes to a £600 million GBP revolver loan to British Land for unspecified purposes (Linked to Record ID#104337)

Project narrative

In July 2004, a syndicate of 24 banks — including the Bank of China (BOC) and the Industrial and Commercial Bank of China (ICBC) — signed a £600 million GBP syndicated revolver loan agreement with The British Land Company plc — a British property development and investment company — for unspecified purposes. This loan carried a maturity period of five years with one year extension options at the end of the first, second, sixth, and seventh years of its life. Record ID#104336 captures BOC's contribution. Record ID#104337 captures ICBC's contribution. In addition to BOC and ICBC, the following lenders contributed to the loan syndicate: the Bank of Tokyo-Mitsubishi (BTM), Barclays Capital, Calyon, Lloyds TSB Bank plc, WestLB AG, Danske Bank A/S, Fortis Bank, National Australia Bank Limited (NAB), UFJ Bank, Sumitomo Mitsui Banking Corporation Group (SMBC), Bank of Ireland, Banca Popolare di Verona di Novara, Banca di Roma S.p.A., Canadian Imperial Bank of Commerce (CIBC), Arab Bank, Banca Monte dei Paschi di Siena S.p.A. (BMPS), Brown, Shipley & Co Limited, Landesbank Baden-Württemberg (LBBW), National Bank of Egypt, Norddeutsche Landesbank Girozentrale (NORD/LB), Norinchukin Bank, and Hacı Ömer Sabancı Holding A.Ş (Sabancı Holding). BTM, Barclays Capital, Calyon, Lloyds TSB, and WestLB served as the mandated lead arrangers. Danske Bank, Fortis, NAB, UFJ, and SMBC served as co-arrangers. BOC, Bank of Ireland, Banca Popolare di Verona e Novara, Banca di Roma, and CIBC served as lead managers. ICBC, Arab Bank, BMPS, Brown Shipley, LBBW, National Bank of Egypt, NORD/LB, Norinchukin, and Sabancı Holding served as managers. The loan was increased during syndication from its initial launch target of £350 million GBP.