Bank of China reschedules — via a 2010 3.166-year maturity extension — a £100 million GBP revolving credit facility to SSE plc for liquidity purposes (Linked to Record ID#99640, #99642, #100274, #99643, #100275, #99644, #100276, #99645, and #100277)

Project narrative

In or around April 2009, the Bank of China (BOC) entered into a bilateral £100 million GBP revolving credit facility (RCF) agreement with SSE plc — a Scotland-based multinational energy company — for liquidity purposes. This loan carried a maturity period of 3.166 years and a final maturity date in June 2012. This RCF was intended to serve as a liquidity backstop to SSE's commercial paper issuance. Record ID#99640 captures the original RCF. Then, between April 1, 2010 and March 31, 2011, BOC entered into an agreement with SSE to amend the £100 million GBP RCF; in the amendment, BOC reduced the interest rate and extended the final maturity date by 3.166 years — for a new maturity period of 6.333 years — to August 2015. Record ID#99641 captures this extension. In April 2013, BOC entered into an agreement with SSE to amend the £100 million GBP RCF; in the amendment, BOC up-sized the RCF with SSE, raising the RCF's face value by £100 million GBP to £200 million GBP and extended the final maturity date by 2.666 years — for a new maturity period of nine years — to April 2018. The up-sized portion carried a maturity period of five years. Record ID#99642 captures this extension. Record ID#100274 captures the £100 million GBP up-sizing. Then, between April 1, 2015 to March 31, 2016, BOC entered into an agreement with SSE to amend the £200 million GBP RCF; in the amendment, BOC extended the final maturity date by 2.583 years — for a new maturity period of 11.583 years — to November 2020 for the original £100 million GBP portion. Furthermore, BOC extended the final maturity date by 2.583 years — for a new maturity period of 7.583 years — to November 2020 for up-sized £100 million GBP portion. Record ID#99643 captures the extension for the original £100 million GBP portion. Record ID#100275 captures the extension for the up-sized £100 million GBP portion. Then, between April 1, 2016 to March 31, 2017, BOC entered into an agreement with SSE to amend the £200 million GBP RCF; in the amendment, BOC extended the final maturity date by one year — for a new maturity period of 12.583 years — to November 2021 for the original £100 million GBP portion. Furthermore, BOC extended the final maturity date by one year — for a new maturity period of 8.583 years — to November 2021 for up-sized £100 million GBP portion. Record ID#99644 captures the extension for the original £100 million GBP portion. Record ID#100276 captures the extension for the up-sized £100 million GBP portion. Then, in October 2017, BOC entered into an agreement with SSE to amend the £200 million GBP RCF; in the amendment, BOC extended the final maturity date by one year — for a new maturity period of 13.583 years — to November 2022 for the original £100 million GBP portion. Furthermore, BOC extended the final maturity date by one year — for a new maturity period of 9.583 years — to November 2022 for up-sized £100 million GBP portion. Record ID#99645 captures the extension for the original £100 million GBP portion. Record ID#100277 captures the extension for the up-sized £100 million GBP portion. As of March 31, 2018, the RCF was undrawn.