Overview

ICBC contributes to a $72.5 million AUD syndicated loan to a building and engineering enterprise

Commitment Year•2021Country of Activity•AustraliaDirect Recipient Country of Incorporation•AustraliaOverseas Jurisdiction•AustraliaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 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% host country ownership

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Receiving agencies

Private Sector

Unspecified Australian Green Building and Engineering Company

Loan description

ICBC contributions to a $72.5 million AUD syndicated loan to a building and engineering enterprise

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2021, a syndicate of banks — including the Sydney Branch of the Industrial and Commercial Bank of China (ICBC) — provided a $72.5 million AUD green finance syndicated loan to an Australia-based environmentally friendly green building and engineering enterprise. It included key performance indicators (KPIs) on carbon emissions, environmental factors, staff training, and physical and mental health.

Staff comments

1. The number and identities of the lenders to this syndicated loan are unknown. 2. The specific borrower is unknown. This issue merits further investigation.