Home THE DAILY EDGE Business Australand agrees to A$1.3b unsecured loans
Australand agrees to A$1.3b unsecured loans

Tags: Australand Property Group | Capitaland

Written by Bloomberg   
Thursday, 15 July 2010 10:20
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Australand Property Group, the Australian unit of Singapore’s CapitaLand , agreed to A$1.3 billion ($1.57 billion) in unsecured syndicated bank loans, replacing A$1.15 billion of secured debt.

The new facility includes a A$325 million loan due in June 2012, a A$650 million loan maturing in June 2013 and a A$325 million loan due in June 2014, Australand said in a statement to the Australian stock exchange today.
 
Pricing is “in line with current market rates and is an improvement on margins of the replaced facilities,” the company said in the statement, without elaborating.
 
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Australand agrees to A$1.3b unsecured loans
Thursday, 15 July 2010

Last Updated on Thursday, 15 July 2010 10:21