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Overview

Bank of China New Zealand provides a $30 million NZD loan to Auckland International Airport Limited for unspecified purposes (Linked to Record ID#92160)

Commitments (Constant USD, 2023)$22,686,113
Commitment Year•2017Country of Activity•New ZealandDirect Recipient Country of Incorporation•New ZealandOverseas Jurisdiction•New ZealandSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 1, 2017
Last repayment (originally scheduled)
Jul 31, 2021

Geospatial footprint

Map overview

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The loan supported the Auckland International Airport. More detailed locational information can be found at https://www.openstreetmap.org/relation/14260471

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 (New Zealand) Limited (BOC New Zealand)

Receiving agencies

Private Sector

  • Auckland International Airport Limited (AIAL)

Loan description

Bank of China New Zealand provides a $30 million NZD loan to Auckland International Airport Limited for unspecified purposes

Interest type•UnknownMaturity•3.75 years

Narrative

Full Description

Project narrative

In November 2017, Bank of China (New Zealand) Limited (BOC New Zealand) entered into a multi-currency $30.0 million NZD facility (loan) agreement with Auckland International Airport Limited — the owner and operator of Auckland Airport — for unspecified purposes. This facility carried a maturity of approximately 45 months (3.75 years) and a final maturity date of August 17, 2021. It was supported by a negative pledge deed. As of June 30, 2018, all funds under this facility had been drawn down. Then, in April 2020, due to the outbreak of the COVID-19 pandemic, BOC New Zealand amended the final maturity date of this facility to January 31, 2022, extending the maturity to approximately 50 months (~4.2 years). This extension is captured via Record ID#92160.