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Overview

Bank of China contributes to a €43 million EUR syndicated loan to Teads to fund acquisitions and its expansion into the Asian market

Commitments (Constant USD, 2023)$10,374,279
Commitment Year•2016Country of Activity•LuxembourgDirect Recipient Country of Incorporation•LuxembourgSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 1, 2016

Geospatial footprint

Map overview

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This project was a syndicated loan agreement with Teads S.A., a Luxembourg-based video advertising company headquartered at 5 Rue de la Boucherie, 1247 Ville-Haute Luxembourg. More detailed locational information can be found at: https://www.openstreetmap.org/way/171465168

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 BPI, S.A.
  • Banque Palatine
  • BNP Paribas S.A.
  • HSBC Bank PLC

Receiving agencies

Private Sector

  • Teads S.A

Loan description

2016 syndicated €43 million EUR loan from BoC and others to Teads to fund acquisitions and its expansion into the Asian market

Interest type•Unknown

Narrative

Full Description

Project narrative

In August 2016, a syndicate of five banks — including the Bank of China (BOC) — entered into a €43 million EUR ($47 million USD) syndicated loan agreement with Teads S.A. — a Luxembourg-incorporated video advertising company headquartered in Paris, France — to fund acquisitions and its expansion into the Asian market. The proceeds were to be used by the borrower to acquire ad tech companies whose technology can support Teads' leading position in the video advertising industry and to fund its expansion into the Asian market. In addition to BOC, the following lenders contributed to the loan syndicate: BNP Paribas S.A., HSBC Bank, Banque Palatine, and Banco BPI, S.A..

Staff comments

1. The individual contributions of the five lenders to this €43 million EUR syndicated loan are unknown. AidData has assumed each lender contributed to each tranche. Therefore, to estimate the contribution of BOC, AidData has assumed each lender contributed equally (€8,600,000 EUR) to the loan syndicate.