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Overview

BOC UK provides a line of credit loan to the National Mathematics and Science College for unspecified purposes

Commitment Year•2017Country of Activity•United KingdomDirect Recipient Country of Incorporation•United KingdomOverseas Jurisdiction•United KingdomSector•EducationFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 11, 2017

Geospatial footprint

Map overview

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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

  • Bank of China (UK) Limited (BOC UK)

Receiving agencies

Private Sector

  • The National Mathematics and Science College Limited

Collateral providers

Private Sector

  • The National Mathematics and Science College Limited

Loan description

BOC UK provides a line of credit loan to the National Mathematics and Science College for unspecified purposes

Interest type•Unknown

Collateral

This loan was secured by by way of a first fixed charge on the monies in a Pound Sterling blocked margin account in the name of the National Mathematics and Science College Limited at Bank of China (UK) Limited with account number 100200101108091

Narrative

Full Description

Project narrative

On or around December 11, 2017, the Bank of China (UK) Limited (BOC UK) entered into a line of credit facility agreement with The National Mathematics and Science College Limited — an independent co-educational STEM-focused sixth form boarding and day college with a focus on international students located in Coventry, Warwickshire — for unspecified purposes. This loan was secured by (i.e. collateralized against) by way of a first fixed charge on the monies in a Pound Sterling blocked margin account in the name of the National Mathematics and Science College at BOC UK with account number 100200101108091. The charge was satisfied on December 5, 2022.