The Bank of New Zealand has won a mandate to act as sole lead arranger of a $200 million syndicated loan facility for the South Island's Ngai Tahu Holdings Corp (NTHC).
The corporation manages the commercial activities of the Ngai Tahu tribe and has over $700 million of assets.
The tribe holds significant property investments throughout Christchurch and the wider South Island, including the Christchurch Civic Building and the Queenstown Post Office Precinct Development.
NTHC has other investments across the aquaculture, fisheries, tourism, property, agriculture and forestry, and since 2003 its asset base has grown by almost $320 million.
The corporation's chief executive Greg Campbell said NTHC is committed to growing its commercial asset base.
