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Overview

China Construction Bank contributes to a syndicated loan to Qantas Airways for the purchase of two Boeing 747-400ER aircraft (Linked to Record ID#104917)

Commitment Year•2002Country of Activity•AustraliaDirect Recipient Country of Incorporation•AustraliaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 1, 2002

Geospatial footprint

Map overview

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The project involved a syndicated loan to Qantas Airways for the purchase of one Boeing 747-400ER aircraft. Qantas Airways Group's headquarters are located in Sydney, Australia. More detailed locational information can be found at https://www.openstreetmap.org/way/577697535.

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

  • China Construction Bank Corporation (CCB)

Cofinancing agencies

Private Sector

  • Banca Intesa S.p.A. (IntesaBci S.p.A.)
  • Commerzbank Aktiengesellschaft (Commerzbank AG)
  • ING Bank N.V.

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Private Sector

  • Qantas Airways Limited

Loan description

November 2002 syndicated loan to Qantas Airways for the purchase of two Boeing 747-400ER aircraft in Australia

Interest type•Unknown

Collateral

This loan was secured by the two Boeing 747-400ER aircraft.

Narrative

Full Description

Project narrative

On November 1, 2002, financial close was reached on a deal in which a syndicate of five banks — including the Bank of China (BOC) and China Construction Bank Corporation (CCB) — entered into a syndicated loan agreement with Qantas Airways Limited — flag carrier airline of Australia that is listed on the Australian Securities Exchange — to finance the purchase of two Boeing 747-400ER aircraft. This loan was secured by (i.e. collateralized against) the two Boeing 747-400ER aircraft. Record ID#104917 captures BOC's contribution. Record ID#104918 captures CCB's contribution. In addition to BOC and CCB, the following lenders contributed to the loan syndicate: Commerzbank AG, ING Bank N.V., and IntesaBCI S.p.A. CCB and Commerzbank served as overall arrangers.