Overview

Bank of China contributes syndicated loan to Enviro NZ for refinancing purposes

Commitment Year•2010Country of Activity•New ZealandDirect Recipient Country of Incorporation•New ZealandSector•Water Supply And SanitationFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 1, 2010

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% Chinese ownership

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Cofinancing agencies

Private Sector

HSBC Bank PLC

Receiving agencies

Private Sector

Enviro (NZ) Group

Loan description

2010 syndicated loan from BOC to Enviro NZ for refinancing purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

Prior to August 2010, the Bank of China (BOC) participated in a secured syndicated refinancing facilities agreement with Enviro (NZ) Group — a New Zealand waste management company owned by CKI Hutchinson Group — involving senior, hedging, and trade/transactional facilities. HSBC also participated in the refinancing, but other details, including lending information and other members of the syndicate, are unknown.

Staff comments

1. AidData is unable to ascertain when this loan was signed, but is able to verify that it was signed prior to August 2010 using Internet Archive dating.