Overview

China CITIC Bank International contributes to $269 million syndicated bridging loan facility to Excel Winners UK for purposes related to real estate properties

Commitment Year•2020Country of Activity•United KingdomDirect Recipient Country of Incorporation•United KingdomOverseas Jurisdiction•Hong Kong (China)Sector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 29, 2020

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

China CITIC Bank International Limited (formerly CITIC Ka Wah Bank)

Receiving agencies

Private Sector

Excel Winner UK Limited

Security / collateral agents

State-owned Commercial Banks

China CITIC Bank International Limited (formerly CITIC Ka Wah Bank)

Loan description

China CITIC Bank International contributes to $269 million syndicated bridging loan facility to Excel Winners UK for purposes related to real estate properties

Interest type•Unknown

Narrative

Full Description

Project narrative

On April 29, 2020, China CITIC Bank International participated in and acted as security trustee for a $269 million syndicated bridging loan facility to Excel Winners UK for purposes related to real estate properties. Other details of the loan, including the further composition, if any, of the lending syndicate, are currently unknown.

Staff comments

1. AidData is not applying the equal contribution assumption as the total number of lenders is currently unknown.