Cidade de Marica FPSO Chinese Debt Component (Linked to Record ID#59353, #59354, #59355, #59356)

China Eximbank and Bank of China contributions to a USD 1.45 billion syndicated loan for Cidade de Maricá FPSO Project In July 2014, a syndicated loan financing agreement was signed to finance the Cidade de Marica floating production, storage, and offloading vessel (FPSO) at the Lula Alta site in Brazil.

The loan has a debt and an equity component.

The equity invested is sponsored by SBM Offshore N.V., Mitsubishi Corporation, Nippon Yusen Kaisha and QGOG Constellation S.A and amounts to $450 million. The equity component does not include any Chinese financing. Loan applications and disbursements are still being received and processed as the projects continue to evolve.

Ongoing monitoring and evaluation are in place to ensure project continuity.