Westfield close to launching Asia’s second forward start loan

11 Jun 2009

Australian shopping centre owner and developer Westfield is set to launch only the second forward start facility in the Asia Pacific region, as the market slowly catches on to a loan product that is taking European borrowers by storm.

Westfield is looking to refinance a portion of its $1.65bn thee year, seven month tranche, which itself is part of a $4.865bn loan signed in June 2007. Forward start facilities, or FSFs, have become a key refinancing tool in Europe, allowing firms to secure funding well ahead of ...

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