Skip to content
AidData logo

Overview

Bank of China contributes to USD 500 million senior loan to Antofagasta PLC for refinancing and general corporate purposes

Commitments (Constant USD, 2023)$73,695,273
Commitment Year•2020Country of Activity•ChileDirect Recipient Country of Incorporation•United KingdomSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 27, 2020
Last repayment (originally scheduled)
Aug 26, 2025

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 Santander, S.A. (Santander Group) (formerly Banco Santander Central Hispano, S.A.)
  • Bank of Nova Scotia (Scotiabank)
  • BNP Paribas S.A.
  • Natixis

State-owned companies

  • Banco del Estado de Chile (BancoEstado)
  • Export Development Canada (EDC)

Receiving agencies

Private Sector

  • Antofagasta PLC

Loan description

Bank of China contribution to USD 500 million senior loan to Chilean company Antofagasta PLC for refinancing and general corporate purposes in 2020

Interest rate (t₀)•2.55775%Interest type•Variable Interest RateLoan tenor•6-month rateMaturity•5 years

Narrative

Full Description

Project narrative

On August 27, 2020, Bank of China contributed to a USD 500 million syndicated senior loan to Antofagasta PLC for refinancing and general corporate purposes. Export Development Canada, Scotiabank, BNP Paribas, Natixis, Santander, and BancoEstado are also lenders on the syndicate. The loan had a maturity of 5 years and an interest rate of LIBOR six-month rate plus 2.25%. All other loan terms are unknown.

Staff comments

1. The individual contributions of each lender to the loan is unknown. For the time, AidData has assumed each lender contributed equally to the loan ($71,428,571).