Australand turns to Aussie banks for A$350m CMBS refi loan

21 Apr 2009

Australand, the Australian unit of Singapore's CapitaLand, has sealed loans worth A$350m to refinance mortgage-backed debt, after ditching a facility that had been mandated to Credit Suisse in March.

Australand said at its annual general meeting last Thursday that it had received a $100m three year facility from a major Australian bank, while it had secured commitments for another A$250m from other Australian lenders.

Australand was close to arranging the refinancing through mandated lead arranger Credit Suisse ...

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