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Overview

Bank of Communications contributes $75.8 million USD to a $606.4 million USD syndicated loan to Autumn Finance for unspecified purposes in 2017 (Record ID#94270 and #94272)

Commitments (Constant USD, 2023)$80,660,780
Commitment Year•2017Country of Activity•AustraliaDirect Recipient Country of Incorporation•AustraliaSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2017

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

  • China Bank of Communications (BoCom or BoComm)

Cofinancing agencies

Private Sector

  • Australia and New Zealand Banking Group (ANZ)
  • CIBC World Markets plc
  • ING Bank N.V.
  • National Australia Bank Limited (NAB)
  • Société Générale S.A. (SocGen or Societe Generale)

State-owned Commercial Banks

  • Bank of China (BOC)
  • China Construction Bank Corporation (CCB)

Receiving agencies

Joint Venture/Special Purpose Vehicles

  • Autumn Finance Company Pty Ltd.

Loan description

Bank of China, Bank of Communications, China Construction Bank to a $606.4 million USD syndicated loan to Autumn Finance for unspecified purposes in 2017

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2017, a syndicate of eight banks — including the Bank of China (BOC), Bank of Communications (BoComm), and China Construction Bank Corporation (CCB) — entered into a $606.4 million USD syndicated loan agreement with Autumn Finance Company Pty Ltd. — a special purpose vehicle (SPV) — for unspecified purposes. All lenders contributed $75.8 million USD each to the syndicated loan. In addition to BOC, BoComm, and CCB, the following banks contributed to this syndicated loan: Australia and New Zealand Banking Group (ANZ), Société Générale S.A. (SocGen), National Australia Bank Limited (NAB), ING Bank N.V., and CIBC World Markets plc. Record ID#94270 captures BOC's contribution. Record ID#94271 captures BoComm's contribution. Record ID#94272 captures CCB's contribution.

Staff comments

1. The borrower is also known as Autumn Finance Co Pty Ltd.