Overview

Bank of China provides AUD 40 million term loan facility to Restaurant Brands New Zealand Limited for unspecified corporate purposes

Commitments (Constant USD, 2023)$26,798,281

Commitment Year•2020Country of Activity•New ZealandDirect Recipient Country of Incorporation•New ZealandSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Feb 24, 2020

End (planned): May 1, 2024

Last repayment (originally scheduled): May 1, 2024

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 (BOC)

Receiving agencies

Private Sector

Restaurant Brands New Zealand Limited

Loan description

Bank of China provides AUD 40 million term loan facility to Restaurant Brands New Zealand Limited for unspecified corporate purposes

Interest type•UnknownMaturity•4 years

Narrative

Full Description

Project narrative

On 24 February, 2020, Bank of China signed an agreement to provide a AUD 40 million term loan facility to Restaurant Brands New Zealand Limited. Proceeds will be used for unspecified corporate purposes. The facility has a maturity of four years, with a maturity date of 1 May, 2023. Other lending details are unknown.