Overview

Bank of China provides $60 million USD revolving credit facility to Intertek Group for unspecified purposes

Commitments (Constant USD, 2023)$77,168,308

Commitment Year•2010Country of Activity•United KingdomDirect Recipient Country of Incorporation•United KingdomOverseas Jurisdiction•United KingdomSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2010

Last repayment (originally scheduled): Jan 25, 2013

Geospatial footprint

Map overview

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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)

Receiving agencies

Private Sector

Intertek Group plc

Loan description

Bank of China provides $60 million USD revolving credit facility to Intertek Group for unspecified purposes

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

In January 2010, the London Branch of the Bank of China (BOC) entered into a $60 million USD bilateral, multi-currency revolving credit facility (RCF) agreement with Intertek Group plc, a UK-based certification and testing company, for unspecified purposes. This RCF carried a maturity period of three years and a maturity date of January 25, 2013; it was available for drawn down up to January 25, 2013. On November 19, 2012, Intertek cancelled the RCF, which was never drawn upon prior to the termination of the agreement.