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Overview

BOCHK contributes to a $510 million AUD syndicated loan for the CKI Australia 2009 Refinancing Project (Linked to Record ID#96622 and #96623)

Commitments (Constant USD, 2023)$138,100,918
Commitment Year•2009Country of Activity•AustraliaDirect Recipient Country of Incorporation•AustraliaOverseas Jurisdiction•Hong Kong (China)Sector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Sep 1, 2009

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% Chinese ownership

Funding agencies

State-owned Commercial Banks

  • Bank of China (Hong Kong) Limited (BOCHK)

Cofinancing agencies

Private Sector

  • Australia and New Zealand Banking Group (ANZ)

State-owned Commercial Banks

  • Bank of China (BOC)
  • Nanyang Commercial Bank (NCB)

Receiving agencies

Joint Venture/Special Purpose Vehicles

  • Cheung Kong Infrastructure Finance (Australia) Pty Limited (CKI Australia)

Guarantors

Private Sector

  • Cheung Kong Infrastructure Holdings Limited (CKI)

Loan description

2009 $510 million AUD syndicated loan for the CKI Australia 2009 Refinancing Project in Australia

Interest type•Unknown

Narrative

Full Description

Project narrative

In early September 2009, a syndicate of four banks — consisting of the Bank of China (Hong Kong) Limited (BOCHK), the Macau Branch of the Bank of China (BOC), Nanyang Commercial Bank (NCB), and Australia and New Zealand Banking Group (ANZ) — signed a $510 million AUD ($439.1 million USD) syndicated facility (loan agreement) with Cheung Kong Infrastructure Finance (Australia) Pty Limited (CKI Australia) — a special purpose vehicle (SPV) wholly owned by Hong Kong-based Cheung Kong Infrastructure Holdings Limited (CKI) — for the CKI Australia 2009 Refinancing Project. CKI issued a guarantee in support of this loan. The proceeds of this loan were to be used by the borrower to refinance its existing loans. Record ID#96621 captures BOCHK's contribution. Record ID#96622 captures BOC Macau Branch's contribution. Record ID#96623 captures NCB's contribution.

Staff comments

1. The individual contribution of the four lenders to this $510 million AUD syndicated loan is unknown. For the time being, AidData has estimated the contribution of BOCHK, BOC Macau Branch, and NCB by assuming that each lender contributed an equal amount ($127,500,000 AUD) to the syndicated loan.