China Construction Bank contributes to $300 million NZD syndicated loan to the University of Auckland for unspecified purposes (Linked to Record ID##100040)

Project narrative

In 2022, a syndicate of seven banks — the Industrial and Commercial Bank of China (ICBC), China Construction Bank Corporation (CCB), Australia and New Zealand Banking Group (ANZ), Bank of New Zealand (BNZ), Commonwealth Bank of Australia (CBA), and Westpac Banking Corporation — entered into a $300 million NZD multi-tranche syndicated lending facility agreement with the University of Auckland — a public research university based in Auckland — for unspecified purposes. The facility marks an extension of the University of Auckland's 2019 facility (captured via Record ID#100038). The facility has several unknown tranches, with maturities ranging from one to three years and unknown interest rates. NZD 100 million is maturing on 20 June 2023, NZD 100 million is maturing on 20 June 2024, and NZD 100 million is maturing on 20 June 2025. Other lending details are unknown. As of 31 December 2022, four separate loans repayable within 12 months have been drawn down on the portion of this facility maturing 20 June 2023. All loans and borrowings are unsecured so there are no assets pledged as security. ICBC's contribution is captured via Record ID#100040. CCB's contribution is captured via Record ID#100041.