Christchurch City Holdings Limited (CCHL) is the wholly owned investment arm of Christchurch City Council, holding shares in seven trading companies and monitoring three further Council-owned companies and their subsidiaries.

 

Borrowing Programme

CCHL is party to a $850 million debt programme comprising a medium term note facility and a commercial paper facility.  It also has a syndicated $100 million loan facility,  which next matures in December 2016.

Westpac Institutional Bank, ANZ National Bank of New Zealand and Bank of New Zealand are lead managers for the medium term note programme and dealers for the commercial paper programme.

 

 

 


Credit rating

Currently CCHL has a Standard & Poor's long term credit rating of A+ and a short term credit rating of A-1.  CCHL has $850 million of uncalled capital on issue to Christchurch City Council, and hence CCHL's credit rating is closely linked to that of the Council's.

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Christchurch City Holdings Ltd
PO Box 73049, Christchurch 8154, New Zealand
Tel: (03) 941 8475 | Fax: (03) 941 8572 | info@cchl.co.nz