Overview

Bank of China provides a loan to Faurecia for unspecified purposes

Commitment Year•2022Country of Activity•FranceDirect Recipient Country of Incorporation•FranceSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 31, 2022

Last repayment (originally scheduled): Jul 5, 2024

Geospatial footprint

Map overview

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The project was a bilateral loan agreement with Forvia SE, formerly known as Faurecia SE, a French automotive supplier headquartered at 23 Av. des Champs Pierreux, 92000 Nanterre, France. More detailed locational information can be found at: https://www.openstreetmap.org/way/668075903

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

Fauricia SE

Loan desecription

Bank of China provides a loan to Faurecia for unspecified purposes

Interest rate (t₀)•2.982%Interest type•Variable Interest RateLoan tenor•3-month rate

Narrative

Full Description

Project narrative

Between January 1 and December 31, 2022, the Bank of China (BOC) entered into a bilateral loan agreement with Faurecia SE — a French global automotive supplier headquartered in Nanterre and listed on Euronext Paris — for unspecified purposes. This loan carried a maturity date of July 5, 2024 and an interest rate of 3-month EURIBOR plus a margin of 0.85%.