Skip to content
AidData logo

Overview

Bank of China (Europe) Poland Branch contributes to a €120 million EUR syndicated loan to a Polish real estate developer for refinancing purposes (Linked to Record ID#107562)

Commitments (Constant USD, 2023)$59,679,103
Commitment Year•2022Country of Activity•PolandDirect Recipient Country of Incorporation•PolandOverseas Jurisdiction•PolandSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 1, 2022

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 (Europe) S.A. (formerly Bank of China (Luxembourg) S.A. or BOC Luxembourg)

Cofinancing agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Private Sector

  • Unspecified Polish Real Estate Developer

Loan description

August 2022 €120 million EUR syndicated loan from BoC to a Polish real estate developer for refinancing purposes in Poland

Interest type•Unknown

Narrative

Full Description

Project narrative

In August 2022, a two-lender syndicate of the Poland Branch Office of Bank of China (Europe) S.A. and the Luxembourg Branch Office of the Bank of China (BOC) issued a €120 million EUR loan to a major Polish private real estate developer that owns several prestige commercial properties located in central Warsaw. The proceeds of the loan were to be used by the borrower to refinance a credit facility. Record ID#107560 captures Bank of China (Europe)'s contribution. Record ID#107562 captures BOC's contribution.

Staff comments

1. The individual contributions of the two lenders to this €120 million EUR syndicated loan are unknown. Therefore, to estimate the lenders' contributions, AidData assumes that each lender contributed equally (€60,000,000 EUR) to the loan syndicate.