Overview

ICBC contributes to syndicated lending facility of an unknown value to Airwork Holdings for unspecified purposes (linked to Record ID#99904)

Commitment Year•2019Country of Activity•New ZealandDirect Recipient Country of Incorporation•New ZealandSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 1, 2019

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

Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Private Sector

Bank of New Zealand (BNZ)
Commonwealth Bank of Australia (CBA) (CommBank)

State-owned Commercial Banks

Bank of China (BOC)

Receiving agencies

Private Sector

Airwork Holdings

Loan description

2019 syndicated lending facility from BOC and ICBC to Airwork Holdings for unspecified purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

In April 2019, a group of four banks -- Bank of New Zealand, Commonwealth Bank of Australia, Bank of China, and ICBC -- signed an agreement with Airwork Holdings, a New Zealand aviation services company, to provide a syndicated lending facility of an unknown amount for unspecified purposes. The facility has all existing and future assets of Airwork as collateral. All lending details are unknown. As of June 30, 2023, the equivalent RMB balance of this loan was 894,520,014.56 yuan. Bank of China's contribution is captured via Record ID#99904. ICBC's contribution is captured via Record ID#99905.