Overview

Bank of China (Luxembourg) contributes to €120 million EUR loan to Polish real estate owners to refinance debt

Commitments (Constant USD, 2023)$70,345,488

Commitment Year•2020Country of Activity•PolandDirect Recipient Country of Incorporation•PolandOverseas Jurisdiction•LuxembourgSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2020

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)

Receiving agencies

Private Sector

Unspecified Polish Real Estate Owners

Loan description

Bank of China (Luxembourg) branch contributions to €120 million EUR loan to Polish real estate owners to refinance debt

Interest type•Unknown

Narrative

Full Description

Project narrative

In January 2020, a two-lender syndicate of the Poland and Luxembourg Branches of the Bank of China (Luxembourg) S.A. issued a €120 million EUR loan to two borrowing entities, which owned several immovable real estate properties and assets in several Polish cities, to refinance two loans accrued by the two borrowers. This loan was secured (i.e. collateralized).

Staff comments

1. The individual contribution from each branch of BOC (Luxembourg) to the EUR 120 million syndicated loan is unspecified. For the time being, AidData assumes that each branch provided an equal share of the contribution (EUR 60 million each).