Overview

Bank of China provides SGD 90 million loan to Ethoz Group for unspecified corporate purposes

Commitments (Constant USD, 2023)$67,146,727

Commitment Year•2018Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeOverseas Jurisdiction•SingaporeSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 1, 2018

Last repayment (originally scheduled): Oct 31, 2021

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 (BOC)

Receiving agencies

Private Sector

ETHOZ Group, Ltd.

Loan description

Bank of China provides SGD 90 million loan to Ethoz Group for unspecified corporate purposes

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

In November 2018, Bank of China's Singapore branch agreed to terms on a SGD 90 million loan with Ethoz Group, a Singaporean vehicle leasing company. The loan has a three-year maturity and an unknown interest rate. The purpose of the loan is unknown. This marks Bank of China's first deal as the sole lead in Southeast Asia.