Bank of China contributes to a $3.040 billion USD syndicated revolving credit facility to BG Energy Holdings to serve as back-up liquidity and to fund operating and capital requirements

Project narrative

On November 2, 2012, a syndicate of 21 banks — including the Bank of China (BOC) — entered into a $3.040 billion USD syndicated revolving credit facility (RCF) agreement with BG Energy Holdings Limited — an England and Wales-incorporated company engaged in exploration and production of gas and oil and the liquefaction, shipping, market, and regasification of liquefied natural gas (LNG) that was a wholly-owned subsidiary of BG Group plc, a British multinational oil and gas company headquartered in Reading, England and listed on the London Stock Exchange — to serve as back-up liquidity and to fund operating and capital requirements. This RCF carried a maturity period of five years. The proceeds of the RCF were to be used by the borrower back-up liquidity to fund operating and capital requirements. In addition to BOC, the following lenders contributed to the loan syndicate: Australia and New Zealand Banking Group (ANZ), BNP Paribas S.A., Bank of America Merrill Lynch (BAML), Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Barclays Bank Plc, Citibank N.A., Commonwealth Bank of Australia (CBA), Credit Suisse AG, Deutsche Bank AG, Goldman Sachs Group Inc., HSBC Bank PLC, JPMorgan Chase Bank, Lloyds Banking Group, Mizuho Corporate Bank Ltd, Morgan Stanley, RBC Capital Markets, Royal Bank of Scotland (RBS), Société Générale Corporate and Investment Banking (SGCIB), Banco Santander, S.A., and Standard Chartered Bank plc. As of December 31, 2012, the RCF was undrawn.