Bank of China (Canada) contributes $100 million CAD to $1.03 billion CAD syndicated revolving credit facility to Enbridge Inc. for general corporate purposes

Project narrative

On July 28, 2016, financial close was reached on a deal in which a syndicate of 21 banks — including Bank of China (Canada) — entered into a $1,030,000,000 CAD syndicated loan agreement with Enbridge Inc. — a Canada-based multinational energy transportation company — for general corporate purposes. The loan’s maturity is one year after the term out date, and the interest rate was LIBOR plus an applicable margin. The use of proceeds is for general corporate purposes, including supporting the borrower's commercial paper program. Bank of China (Canada) contributed $100,000,000 CAD to this loan. The following lenders also participated: HSBC Bank Canada ($140,000,000 CAD), the Canada Branch of Deutsche Bank AG ($75,000,000 CAD), Export Development Canada ($70,000,000 CAD), Société Générale ($67,000,000 CAD), National Bank of Canada ($55,000,000 CAD), The Toronto-Dominion Bank ($54,000,000 CAD), The Bank of Nova Scotia (Scotiabank) ($51,000,000 CAD), Mizuho Bank, Ltd. ($48,000,000 CAD), the Canadian Branch of Citibank, N.A. ($50,000,000 CAD), Canadian Imperial Bank of Commerce ($45,000,000 CAD), La Caisse centrale Desjardins Du Québec ($45,000,000 CAD), Royal Bank of Canada ($30,000,000 CAD), the Canada Branch of Bank of America, N.A. ($25,000,000 CAD), Barclays Bank PLC ($25,000,000 CAD), BNP Paribas ($25,000,000 CAD), Credit Agricole Corporate and Investment Bank ($25,000,000 CAD), the Toronto Branch of Credit Suisse AG ($25,000,000 CAD), State Bank of India (Canada) ($25,000,000 CAD), Sumitomo Mitsui Banking Corporation of Canada ($25,000,000 CAD), and the Vancouver Branch of United Overseas Bank Limited ($25,000,000 CAD).